expectations. We provide ample anecdotal, historical, and heuristic information on the goodness-of-fit of the various exchange rate …

expectations. Each market is populated by six subjects and a small fraction of fun- damentalist traders. Realized prices differ …

choose no punishment (destroy nothing) or the highest level of punishment (destroy everything). (4) Expectations have a …

whether the related expectations and realizations match each other. We use the Dutch Social Economic Panel survey data, where … expectations about the next year's financial situation are reported. We show that realized changes exceed expectations, and that … conditional distribution of expectations and realizations, suggest that individuals around retirement are overly pes- simistic and …

from individual expectations. Subjects have no information about underlying market equilibrium equations, but can learn by … stable treatment, rational expectations (RE) yield a good description of observed aggregate price fluctuations: prices remain …

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

.e. aggregate investment and investment in energy saving technologies, using subjective evaluations of expectations and uncertainty … of general investment spending. Furthermore, expectations and uncertainty have important although different effects on …