We examine how people's forecasts for oil or gasoline prices influence their forecasts for broader inflation. We find little evidence from two US household surveys that people over-react to their beliefs about gasoline prices when formulating their forecasts about inflation, with much of the...

Der produktive Gebrauch von Finanzdienstleistungen ist zum Schlüssel für die Teilhabe am modernen Wirtschaftsleben geworden. "Finanzielle Allgemeinbildung" soll in der Kommunikation zwischen Anbietern und Kunden die Fähigkeit beider Seiten erhöhen, Finanzdienstleistungen und...

In this paper we investigate whether sellers treat consumers differently on the basis of how well-informed consumers appear to be. We implement a large-scale field experiment in which callers request price quotes from automotive repair shops. We show that sellers alter their initial price quotes...