We develop a forecasting methodology for providing credible forecasts time series that have recently undergone shock. achieve this by borrowing knowledge from other similar shocks which post-shock outcomes are observed. Three shock effect estimators motivated with the aim of minimizing average forecast risk. propose risk-reduction propositions provide conditions establish when our works. Bootst...

This study examines the effects of information consistency and information aggregation on eWOM readers’ perception of information overload; we also examine the influence of information overload on eWOM readers’ perception of information usefulness. An online experiment using a stimulated online consumers’ review forum, which manipulated the two factors-information consistency (high and low) and...

We assess the effect of cognitive make-up market participants on informational efficiency markets. put forth that skills, such as reflection, are crucial for ensuring markets because they endow with ability to infer others’ information from prices. Using laboratory experiments, we show aggregation is significantly enhanced when (i) all possess high levels sophistication and (ii) this level comm...

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