Heterogeneity in individual expectations, sentiment, and constant-gain learning
Year of publication: |
2021
|
---|---|
Authors: | Cole, Stephen J. ; Milani, Fabio |
Published in: |
Journal of economic behavior & organization : JEBO. - Amsterdam [u.a.] : Elsevier, ISSN 0167-2681, ZDB-ID 864321-0. - Vol. 188.2021, p. 627-650
|
Subject: | Constant-Gain learning | Evolving beliefs | Heterogeneous expectations | Individual survey forecasts | New Keynesian model | Sentiment shocks | Waves of optimism and pessimism | Erwartungsbildung | Expectation formation | Lernprozess | Learning process | Neoklassische Synthese | Neoclassical synthesis | Schock | Shock | Rationale Erwartung | Rational expectations | Theorie | Theory | Prognoseverfahren | Forecasting model | Anlageverhalten | Behavioural finance | Emotion | Lernen | Learning |
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