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Senior Fellows/Fellows

Decision Fatigue and Heuristic Analyst Forecasts

David HIRSHLEIFER, Yaron LEVI, Ben LOURIE, Siew Hong TEOH
Psychological evidence indicates that decision quality declines after an extensive session of decision-making, a phenomenon known as decision fatigue. We study whether decision fatigue affects analysts’ judgments. Analysts cover multiple firms and often issue several forecasts in a single day. We ...
Keywords: Analysts, Decision Fatigue, Heuristic, Behavioral finance
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