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Contrast explanation provides a substitute for controlled experiments and facilitates identifying social mechanisms.. Using the setting of analyst forecast revisions in response to firms’ earnings announcements on consecutive days, we document evidence of contrast effects when the announcing firms on both days are covered by the same analyst..
Tbl Assumes Dollar Appreciation Offsets The Tariff Effect On Prices Somewhat Under Nonretaliation Scenarios.
A Contrast Effect Occurs When The Value Of A Previouslyobserved Signal Inversely Biases Perception Of The Next Signal.
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