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Why are some people more optimistic about their life than others? Literature on locus of control suggests that optimism is associated with the belief that one's life outcomes are controlled by internal factors, such as ability, instead of external factors, such as powerful others or chance....
Persistent link: https://www.econbiz.de/10010266644
We use a unique data set about the wage distribution that Swiss students expect for themselves ex ante, deriving parametric and non-parametric measures to capture expected wage risk. These wage risk measures are unfettered by heterogeneity which handicapped the use of actual market wage...
Persistent link: https://www.econbiz.de/10010276690
Because students rely on their subjective expectations when choosing a college major, understanding this process of … expectations formation is crucial for education policy recommendations. This paper focuses on how college students form … expectations about various major-specific outcomes. I collect a unique panel data set of Northwestern University undergraduates …
Persistent link: https://www.econbiz.de/10010283522
their subjective expectations about outcomes specific to different majors in their choice set. I do not find evidence of … suggests that students have well-formed expectations. Overall, the results paint a favorable picture for the use of subjective … expectations data in choice models. …
Persistent link: https://www.econbiz.de/10010287095
The aim of this paper is to simulate profit expectations as an emergent property using an agent based model. The paper … builds upon adaptive expectations, interactive expectations and small world networks, combining them into a single adaptive … interactive profit expectations model (AIE). Understanding the diffusion of interactive expectations is aided by using a network …
Persistent link: https://www.econbiz.de/10011259382
The aim of this paper is to simulate profit expectations as an emergent property using an agent based model. The paper … builds upon adaptive expectations, interactive expectations and small world networks, combining them into a single adaptive … interactive profit expectations model (AIE). Understanding the diffusion of interactive expectations is aided by using a network …
Persistent link: https://www.econbiz.de/10011260058
Economists have studied for a long time how decision-makers allocate scarce resources. The recent literature on rational inattention studies how decision-makers allocate the scarce resource attention. The idea is that decision-makers have a limited amount of attention and have to decide how to...
Persistent link: https://www.econbiz.de/10009395648
We use a unique data set about the wage distribution that Swiss students expect for themselves ex ante, deriving parametric and non-parametric measures to capture expected wage risk. These wage risk measures are unfettered by heterogeneity which handicapped the use of actual market wage...
Persistent link: https://www.econbiz.de/10005822469
experiences affect expectations only for less informed individuals. Individuals who are more informed about the economy are …
Persistent link: https://www.econbiz.de/10008529023
-ante, suggesting that students use very little private information about their wage prospects. Expectations appear much more anchored …
Persistent link: https://www.econbiz.de/10005042515