We use novel survey data to estimate how personal experiences affect household expectations about aggregate economic … unemployment. The extent of extrapolation is unrelated to proxies for how informative personal experiences are, and is more …

Social interactions pervade daily life and thereby create an abundance of social experiences. Such personal experiences … likely shape what we believe and who we are. In this paper, we ask if and how personal experiences from social interactions … social experiences—either being paid or not being paid by a peer subject for a task—and afterwards measure participant …

Attention to the economy plays a key role in canonical macro models, yet its empirical properties are not well … professional forecasts. Third, we study the role of experiences as a potential driver of attention. Consistent with similarity …-based recall, individuals with past experiences of adverse inflation outcomes pay more attention to inflation in response to the …

coverage in local newspapers. Our findings suggest that non-informative local experiences that make downside risks of stock …