Analti_Calte

mik82 Wrote:
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> 1 - Analysts don't adjust their projections in
> light of new info but remain "anchorer" to their
> old views
>
> 2 - Analysts don't expect any change from recent
> past. For example, if inflation has been
> increasing for the past 2 years at 2%, they expect
> it to increase at 2% next year
>
> 3 - Ignore reversion to mean. Think winners will
> always be winners, creating overpriced securities.


Nice explanation