biased, it becomes policy-relevant to know how to influence individuals' expectations. Information in the media is likely to …As evidence is accumulating that subjective expectations influence behavior and that these expectations are sometimes … affect how people picture the future. This paper studies the role of public information dissemination, or publicity, in a …

Separately, news and sunspot shocks have been shown empirically to be determinants of changes in expectations. This … expectations solutions is derived analytically. The analytical characterization allows an explicit comparison of news about future …

Agents have foresight when they receive information about a random process above and beyond the information contained … in its current and past history. In this paper, we propose an information-theoretic measure of the quantity of foresight … in an information structure, and show how to separate informational assumptions about foresight from physical assumptions …

respondents with information about the debt-to-GDP ratio in the US. Based on a total of more than 4,000 respondents, we find that … through changes in expectations about fiscal sustainability and persist in a four-week follow-up. …

Agents have foresight when they receive information about a random process above and beyond the information contained … in its current and past history. In this paper, we propose an information-theoretic measure of the quantity of foresight … in an information structure, and show how to separate informational assumptions about foresight from physical assumptions …

respondents with information about the debt-to-GDP ratio in the US. Based on a total of more than 4,000 respondents, we find that … through changes in expectations about fiscal sustainability and persist in a four-week follow-up. …