Results 11 to 20 of about 74,467 (48)
How Do Firms Form Their Expectations? New Survey Evidence
The American Economic Review, 2015 We survey New Zealand firms and document novel facts about their macroeconomic beliefs. There is widespread dispersion in beliefs about past and future macroeconomic conditions, especially inflation.
Olivier Coibion +2 more
semanticscholar +1 more source
The Effects of Biased Labor Market Expectations on Consumption, Wealth Inequality, and Welfare
Social Science Research NetworkWe analyze US survey data and document a substantial optimistic bias of households in their expectations about future labor market transitions. We find that low-skilled individuals tend to be strongly overoptimistic, whereas high-skilled individuals have
Almut Balleer +3 more
semanticscholar +1 more source
Mental Models and Learning: The Case of Base-Rate Neglect
The American Economic ReviewWe experimentally document persistence of suboptimal behavior despite ample opportunities to learn from feedback in a canonical updating problem where people suffer from base-rate neglect. Our results provide insights on the mechanisms hindering learning
Ignacio Esponda +2 more
semanticscholar +1 more source
Breaking Gender Barriers: Experimental Evidence on Men in Pink-Collar Jobs
Social Science Research NetworkI investigate men’s limited entry into female-dominated sectors through a large-scale field experiment. The design exogenously varies recruitment messages by showing photographs of current workers (male or female) and providing information on the share ...
Alexia Delfino
semanticscholar +1 more source
Rational Inattention and the Business Cycle Effects of Productivity and News Shocks
Social Science Research NetworkWe solve a real business cycle model with rational inattention (an RI-RBC model). In the RI-RBC model, the growth rates of employment, investment, and output are about as persistent as in the data, with an amount of inattention consistent with survey ...
Bartosz Mackowiak, Mirko Wiederholt
semanticscholar +1 more source
Forward Guidance without Common Knowledge
The American Economic Review, 2018 How does the economy respond to news about future policies or future fundamentals? Standard practice assumes that agents have common knowledge of such news and face no uncertainty about how others will respond.
G. Angeletos, C. Lian
semanticscholar +1 more source
Everyday Econometricians: Selection Neglect and Overoptimism When Learning from Others
American Economic Journal: MicroeconomicsThis study explores selection neglect in an experimental investment game where individuals can learn from others’ outcomes. Experiment 1 examines aggregate-level equilibrium behavior.
K. Barron, S. Huck, P. Jehiel
semanticscholar +1 more source
The Good News-Bad News Effect: Asymmetric Processing of Objective Information about Yourself
, 2011 David Eil, Justin M. Rao
semanticscholar +1 more source
Innovation Diffusion in Heterogeneous Populations: Contagion, Social Influence, and Social Learning
, 2009 Joshua Epstein +8 more
semanticscholar +1 more source