Intuition and professional competence: Intuitive versus rational forecasting of the stock market

URN to cite this document:: urn:nbn:de:bvb:355-epub-263377
DOI to cite this document:: 10.5283/epub.26337

Harteis, Christian

; Gruber, Hans

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Date of publication of this fulltext: 11 Oct 2012 12:46

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Abstract

This article argues that intuition is a crucial component of professional competence, and provides empirical evidence to support this claim. It was found that in most cases intuitive predictions of stock market development are better than rationally justified ones and that experts predict more precisely than novices on a descriptive data level. The discussion links these findings to the ...