As evidence is accumulating that subjective expectations influence behavior and that these expectations are sometimes … biased, it becomes policy-relevant to know how to influence individuals' expectations. Information in the media is likely to … real-life expectations formation process. For this purpose, an exceptional Dutch dataset on monthly expectations regarding …

This paper presents a simple experiment on how laypeople form macroeconomic expectations. Subjects have to forecast … forecasts. It turns out that the availability of historical data has a dominant impact on expectations and wipes out the …