Many decisions - such as what educational or career path to pursue - are dynamic in nature, with individuals receiving feedback at one point in time and making decisions later. Using a controlled experiment, with two sessions one week apart, we analyze the dynamic effects of feedback on beliefs...

While in the United States economic growth finally broke through scoring in excess of 12 p.c. in real terms in the third quarter of 1975, there was some slowdown in the recovery toward the end of the year. What is to be expected in the internal and external economic sphere during 1976, while the...