Experiment reveals why pundits can be unreliable

Decisions by policymakers and managers often rely on predictions and forecasts provided by experts. For instance, policymakers may increase public investments if they anticipate economic stagnation, and companies may introduce ...

For credit rating agencies, reputation matters

Contrary to popular belief, credit rating agencies provide more accurate, timely, conservative and informative credit ratings for higher-risk companies—a discovery that calls into question the conventional wisdom that they ...

How credit platforms may make bank loan caps ineffective

Authorities often resort to bank loan regulation when the housing market overheats. The emergence of lightly regulated online intermediaries, however, can make it harder to curb speculation.

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