Combining the Results of Rationality Studies: What Did We Know and When Did We Know it?

Indian Economic Review, Vol. 36, January-June 2001

Posted: 28 Feb 2003

See all articles by Robert S. Goldfarb

Robert S. Goldfarb

George Washington University - Department of Economics

H.O. Stekler

George Washington University - Department of Economics

Abstract

Numerous empirical literatures display conflicting results. This paper examines the conflicting results concerning the rationality of forecasts and expectations. Meta-analysis techniques are used to examine the empirical studies that tested the rationality hypothesis. What did we know, and when did we know it, about the rationality of forecasts? Our purpose is to systematically document how conclusions change over time and to investigate whether meta-analysis techniques might have been useful in shedding light on those findings. The results differ depending on which meta null is used, but there still is no definitive finding about the rationality of these forecasts.

Keywords: Meta-analysis, Economic Forecasting, Rationality

JEL Classification: E37, B40

Suggested Citation

Goldfarb, Robert S. and Stekler, H.O., Combining the Results of Rationality Studies: What Did We Know and When Did We Know it?. Indian Economic Review, Vol. 36, January-June 2001. Available at SSRN: https://ssrn.com/abstract=349960

Robert S. Goldfarb

George Washington University - Department of Economics ( email )

Monroe Hall, Suite 340
2115 G Street, NW
Washington, DC 20052
United States
202-994-6147 (Phone)
202-994-6147 (Fax)

H.O. Stekler (Contact Author)

George Washington University - Department of Economics ( email )

2115 G ST NW
Washington, DC 20052
United States
202-994-1261 (Phone)
202-994-6147 (Fax)

Here is the Coronavirus
related research on SSRN

Paper statistics

Abstract Views
593
PlumX Metrics