This paper studies the determinants of college major choice using a unique "information" experiment embedded in a survey. We first ask respondents their self-beliefs - beliefs about their own expected earnings and other major-specific outcomes conditional on various majors, their population...

We investigate how college students form and update their beliefs about future earnings using a unique "information" experiment. We provide college students true information about the population distribution of earnings and observe how this information causes respondents to update their beliefs...

This paper studies the determinants of college major choice using a unique information experiment embedded in a survey. We first ask respondents their self beliefs, population beliefs, as well as their subjective beliefs. After eliciting these baseline beliefs, we provide students with...

This paper studies the determinants of college major choice using an experimentally generated panel of beliefs, obtained by providing students with information on the true population distribution of various major-specific characteristics. Students logically revise their beliefs in response to...

This paper studies the determinants of college major choice using a unique “information” experiment embedded in a survey. We first ask respondents their self-beliefs - beliefs about their own expected earnings and other major-specific outcomes conditional on various majors, their population...

Social interdependence is believed to play an important role in how people make individual choices. This paper presents a simple model constructed on the premise that people are motivated by their own payoff as well as by how their actions compare with those of other people in their reference...

Home price expectations are believed to play an important role in housing dynamics, yet we have limited understanding of how they are formed and how they affect behavior. Using a unique "information experiment" embedded in an online survey, this paper investigates how consumers' home price...