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Consumer confidence indicators(CCI) serve as a veritable tool for providing useful information to policy makers … of consumers in their expectations about the general state of the economy, even if their pessimism were not based on … economic fundamentals. This study evaluated the predictive ability of the CCI in forecasting economic fluctuations in Nigeria …
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disappointing promisees' expectations, regardless of whether those expectations were induced by a promise (expectations per se … effect). Third, they are even more motivated to avoid disappointing promisees' expectations when those expectations were …
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We report on the results of an experiment designed to disentangle behavioral biases in information aggregation of committees. Subjects get private signals about the state of world, send binary messages, and finally vote under either majority or unanimity rules. Committee decisions are...
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