Crossley, Thomas F.; Gong, Yifan; Stinebrickner, Todd R.; … - 2021
accuracy of beliefs, and two new approaches to testing whether, ex ante, agents exhibit Rational Expectations. We show that … probabilistic ex-pectations data is important for detecting types of violations of Rational Expectations that are not detectable by … and then enter the post-college period. Tests of Rational Expectations almost always reject for the in-school period, but …