On the predictability of economic events.

James Schuyler Jordan

Research output: Contribution to journalArticle

5 Citations (Scopus)

Abstract

Grunberg and Modigliani investigated the existence of a public prediction which, if believed by economic decision makers, would prove correct. This research is continued using a model of general exchange equilibrium under uncertainty. The principal result is that unless the public prediction is based on a very narrow class of data, a statistically correct prediction may fail to exist even for otherwise well-behaved economies. - Author

Original languageEnglish (US)
Pages (from-to)955-972
Number of pages18
JournalEconometrica
Volume48
Issue number4
DOIs
StatePublished - Jan 1 1980

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Economics
Prediction
Predictability
Decision maker
Uncertainty

All Science Journal Classification (ASJC) codes

  • Economics and Econometrics

Cite this

Jordan, James Schuyler. / On the predictability of economic events. In: Econometrica. 1980 ; Vol. 48, No. 4. pp. 955-972.
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On the predictability of economic events. / Jordan, James Schuyler.

In: Econometrica, Vol. 48, No. 4, 01.01.1980, p. 955-972.

Research output: Contribution to journalArticle

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