Similar Search Results

Rationalizing rational expectations? : tests and deviations

D'Haultfœuille, Xavier; Gaillac, Christophe; Maurel, Arnaud - 2018

In this paper, we build a new test of rational expectations based on the marginal distributions of realizations and subjective beliefs. This test is widely applicable, including in the common situation where realizations and beliefs are observed in two different datasets that cannot be matched....

Persistent link: https://www.econbiz.de/10011951089

To see is to believe : common expectations in experimental asset markets

Cheung, Stephen L.; Hedegaard, Morten; Palan, Stefan - 2012

is as great as when training is absent. -- asset market experiment ; price bubbles ; common knowledge of rationality …

Persistent link: https://www.econbiz.de/10009631461

Labor market news and expectations about jobs & earnings

Schmidpeter, Bernhard - 2023

Little is known about how workers update expectations about job search and earnings when exposed to labor market news. To identify the impact of news on expectations, I exploit Foxconn’s unexpected announcement to build a manufacturing plant in Racine County. Exposure to positive news leads to...

Persistent link: https://www.econbiz.de/10014394219

Motivated belief updating and rationalization of information

Drobner, Christoph; Goerg, Sebastian J. - 2022

We study belief updating about relative performance in an ego-relevant task. Manipulating the perceived ego-relevance of the task, we show that subjects update their beliefs optimistically because they derive direct utility flows from holding positive beliefs. This finding provides a behavioral...

Persistent link: https://www.econbiz.de/10013433247

Biased survival expectations and behaviours: does domain specific information matter?

Costa-Font, Joan; Vilaplana Prieto, Cristina - 2021

We study biased survival expectations across two domains and examine whether such biased expectations influence health and financial behaviors. Combining individual-level longitudinal data, retrospective, and end of life data from several European countries for more than a decade, we estimate...

Persistent link: https://www.econbiz.de/10012703131

Big Players and the Economic Theory of Expectations

Koppl, Roger - 2002

Investment and all other economic actions depend on 'subjective' expectations. The problem is how to construct a theory … economics of F.A.Hayek, Koppl gives us such a theory. This includes a theory of 'Big Players', demonstrating that discretionary … economic theory, and connects with many other schools of economics including New Institutional Economics, Constitutional …

Persistent link: https://www.econbiz.de/10012054265

Finance, informal competition, and expectations : a firm-level analysis

Brancati, Emanuele; Di Maio, Michele; Rahman, Aminur - 2022

This paper documents the link between finance and informal competition. Using longitudinal firm-level data, we show that formal firms that are more exposed to the competition of informal firms are less likely to apply for a bank loan. This result is not due to sample selection, omitted variable...

Persistent link: https://www.econbiz.de/10013288107

Learning in Economic Systems with Expectations Feedback

Wenzelburger, Jan (contributor) - 2006

Persistent link: https://www.econbiz.de/10013520573

Randomizing endowments : an experimental study of rational expectations and reference-dependent preferences

Götte, Lorenz; Cerulli-Harms, Annette; Sprenger, Charles - 2014

An important advance in the study of reference-dependent preferences is the discipline provided by coherent accounts of reference point formation. Kőszegi and Rabin (2006) provide such discipline by positing a reference point grounded in rational expectations. We examine the predictions of...

Persistent link: https://www.econbiz.de/10010436164

Dynastic home equity

Benetton, Matteo; Kudlyak, Marianna; Mondragon, John - 2022

the importance of familial wealth for household wealth accumulation and housing wealth in particular. A back …-of-the-envelope calculation suggests that dynastic home equity increases housing wealth inequality among young adults by 20%. …

Persistent link: https://www.econbiz.de/10013286209

1
2
3
4
5
6
7
8
9
10
Next
Last