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

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

Biased longevity expectations will lead to suboptimal decisions regarding saving, retirement, annuitization and health …, with consequences for wellbeing in old age. Systematic differences in the accuracy of longevity expectations may partly … veracity of expectations are due to the less educated and cognitively able responding less to changes in objective mortality …

nothing) or the highest level of punishment (destroyeverything). (4) Expectations have a significant effect on the …

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 …

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 …