de Bresser, Jochem; van Soest, Arthur - In: Journal of Economic Behavior & Organization 96 (2013) C, pp. 65-84
We develop a panel data model of expectations of a continuous outcome variable elicited on a percentage-chance scale. The model explains the location and dispersion of the subjective distributions by socio-economic covariates and unobserved factors. Moreover, it accounts explicitly for...