Notably, at least the ranges of expected equity risk premiums across different types of respondents all overlap. (However, that might be because of herding among the entire set of analysts.)
If one asked a group of analysts for estimated ranges of some arbitrary phenomenon, for example, how many trees there are in California, the ranges are more apt to be mutually exclusive (not overlap).
In the TFF of the COT, pension funds fall into the category of asset managers.
Notably, at least the ranges of expected equity risk premiums across different types of respondents all overlap. (However, that might be because of herding among the entire set of analysts.)
If one asked a group of analysts for estimated ranges of some arbitrary phenomenon, for example, how many trees there are in California, the ranges are more apt to be mutually exclusive (not overlap).
True.