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Business cycles when consumers learn by shopping

Gutiérrez-Daza, Ángelo - 2024

Empirical evidence suggests consumers rely on their shopping experiences to form beliefs about inflation. In other …. Learning by shopping anchors households' beliefs about inflation to its past, causing disagreement with firms over the value of … inflation, increases the degree of anchoring of households' inflation expectations, and flattens the slope of the Phillips curve …

Persistent link: https://www.econbiz.de/10015069687

Illusions of learning : irrelevant emotions inflate judgments of learning

Baumeister, Roy F.; Alquist, Jessica L.; Vohs, Kathleen D. - In: Journal of behavioral decision making 28 (2015) 2, pp. 149-158

Persistent link: https://www.econbiz.de/10011306099

Optimism, pessimism and the unforeseen : modelling an endogenous business cycle driven by strong beliefs

Sell, Friedrich L. - 2002

erzeugt werden können. -- Konjunkturzyklus ; Rationale Überzeugung ; Bayesianisches Lernen ; Konsumverhalten …

Persistent link: https://www.econbiz.de/10001662296

Optimism, pessimism and the unforeseen : modelling an endogenous business cycle driven by strong beliefs

Sell, Friedrich L. - 2002

Indicators of trust, confidence, optimism or sentiment among consumers and/or investors, are published continuously in the mass media. More importantly, these indices seem not only to reflect how the state of the real economy is perceived by private agents, but can also help predict the future...

Persistent link: https://www.econbiz.de/10010509339