Jung, Juergen - Center for Applied Economics and Policy Research … - 2008
expectations with information from these tables. The Bayesian updating mechanism corrects for focal point responses and reporting …: Subjective Health Expectations, Rational Health Expectations, Work Limiting Health Prob-
lems, Bayesian Updating of Expectations … limiting
health problems) are similar to the rest of the sample.
The Bayesian updating model developed in Gan, Hurd and …