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Bordalo, Pedro; Gennaioli, Nicola; Kwon, Spencer Yongwook; … - In: Journal of financial economics 141 (2021) 3, pp. 1060-1077

Persistent link: https://www.econbiz.de/10012873152

Expectations of fundamentals and stock market puzzles

Bordalo, Pedro; Gennaioli, Nicola; La Porta, Rafael; … - 2020

Persistent link: https://www.econbiz.de/10012240160

Overreaction and diagnostic expectations in macroeconomics

Bordalo, Pedro; Gennaioli, Nicola; Shleifer, Andrei - In: The journal of economic perspectives : a journal of the … 36 (2022) 3, pp. 223-244

Persistent link: https://www.econbiz.de/10014227451

Overreaction and Diagnostic Expectations in Macroeconomics

Bordalo, Pedro; Gennaioli, Nicola; Shleifer, Andrei - National Bureau of Economic Research - 2022

relaxing the assumption of rational expectations is a promising strategy, helps theory and evidence go together, and offers a …

Persistent link: https://www.econbiz.de/10013362010

Real Credit Cycles

Bordalo, Pedro; Gennaioli, Nicola; Shleifer, Andrei; … - National Bureau of Economic Research - 2021

We incorporate diagnostic expectations, a psychologically founded model of overreaction to news, into a workhorse business cycle model with heterogeneous firms and risky debt. A realistic degree of diagnosticity, estimated from the forecast errors of managers of US listed firms, creates...

Persistent link: https://www.econbiz.de/10012482632