intertemporal trade-off, not present under rational expectations: it is optimal to forego stabilizing the economy in the present in … actually has rational expectations is much smaller than if the central bank mistakenly assumes rational expectations when in …

term gains without triggering an abrupt loss of confidence, since agents update expectations sluggishly. In the long run …

once we use subjective expectations of the number of visits per week at the time of contract choice. Next, we study how …

-report measures were related to destruction decisions and expectations. The pattern of emotional arousal and its correlation with self …

candidate is expectations: what people expect could affect how they feel about what actually occurs. In a real-effort experiment …, we manipulate the rational expectations of subjects and check whether this manipulation influences their effort provision …-based reference-dependent preferences: if expectations are high, subjects work longer and earn more money than if expectations are low. …