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Who consults investment analysts?

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Abstract.

This paper shows that the questions: “Who consults investment analysts?” and “Who goes to the “El Farol” bar in Santa Fe?” are similar. Thus, investors use a mixed optimal strategy. The demand for consulting services is also characterized.

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Authors and Affiliations

  1. Department of Economics, Bar-Ilan University and Ashkelon Academic College, Ramat-Gan, 52900, Israel

    Jacob Paroush

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  1. Jacob Paroush
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Correspondence to Jacob Paroush.

Additional information

Received: 25 September 2002, Accepted: 26 May 2003,

JEL Classification:

D81, C70

Jacob Paroush: The author is grateful to Yaw Nyarko, Yigal Milchtaich and an anonymous referee for helpful comments and suggestions.

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Paroush, J. Who consults investment analysts?. Review Economic Design 8, 329–333 (2003). https://doi.org/10.1007/s10058-003-0106-y

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  • DOI: https://doi.org/10.1007/s10058-003-0106-y

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