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Macroeconomic expectations of households amd professional forecasters
Carroll, Christopher D. - 2002
Economists have long emphasized the importance of expectations in determining macroeconomic outcomes Yet there has been … almost no recent effort to model actual empirical expectations data; instead macroeconomists usually simply assume … expectations are rational This paper shows that while empirical household expectations are not rational in the usual sense …
Persistent link: https://www.econbiz.de/10010293441
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Optimistic, but not in control: Life-orientation and the theory of mixed control
Urbig, Diemo; Monsen, Erik - 2009
Why are some people more optimistic about their life than others? Literature on locus of control suggests that optimism is associated with the belief that one's life outcomes are controlled by internal factors, such as ability, instead of external factors, such as powerful others or chance....
Persistent link: https://www.econbiz.de/10010266644
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Expectations as reference points: Field evidence from experienced subjects in a competitive, high-stakes environment
Bartling, Björn; Brandes, Leif; Schunk, Daniel - 2012
We show that professional soccer players exhibit reference-dependent behavior during matches. Controlling for the state of the match and for unobserved heterogeneity, we show on a minute-by-minute basis that a player breaches the rules of the game, measured by the referee's assignment of cards,...
Persistent link: https://www.econbiz.de/10010316909
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Expectations as reference points: Field evidence from experienced subjects in a competitive, high-stakes environment
Bartling, Björn; Brandes, Leif; Schunk, Daniel - 2012
We show that professional soccer players exhibit reference-dependent behavior during matches. Controlling for the state of the match and for unobserved heterogeneity, we show on a minute-by-minute basis that a player breaches the rules of the game, measured by the referee's assignment of cards,...
Persistent link: https://www.econbiz.de/10010282066
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Conflict experiences and household expectations on recovery: Survey evidence from northern Uganda
Bozzoli, Carlos; Brück, Tilman; Muhumuza, Tony - 2010
We analyse the role of mass violent conflict in influencing individual expectations. We hypothesise that individuals … are likely to report negative expectations if they were exposed to conflict events in the past. We combine individual and … association between conflict and expectations. Results indicate that conflict intensity is correlated with a decrease in the …
Persistent link: https://www.econbiz.de/10010285753
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Entrepreneurship: Cause or consequence of financial optimism?
Dawson, Christopher; De Meza, David Emmanuel; Henley, Andrew - 2012
Extant evidence that the self-employed overestimate their returns by more than employees do is consistent with two mutually inclusive possibilities. Self-employment may generate optimism or optimists may be drawn to self-employment. This paper finds that employees who will be self-employed in...
Persistent link: https://www.econbiz.de/10010289870
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The power of (non) positive thinking : self-employed pessimists earn more than optimists
Dawson, Christopher; De Meza, David E.; Henley, Andrew; … - 2015
. Amongst employees, optimists earn more. These results are consistent with biased expectations leading to entry errors. As a … test of validity, we find that amongst the married, future divorcees have higher financial expectations but their …
Persistent link: https://www.econbiz.de/10011308476
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Do expectations matter? : reassessing the effect of government spending on key macroeconomic variables in Germany
Gründler, Klaus; Sauerhammer, Sarah - 2016
should intervene in the business cycle. Following Ramey (2011b), we include expectations held by consumers and firms into the … findings also underscore the need to account for expectations, as failing to do so leads to significant misinterpretation of …
Persistent link: https://www.econbiz.de/10011525541
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Do women expect wage cuts for part-time work?
Schrenker, Annekatrin - 2020
Wage expectations for full- and part-time employment are key for understanding the labor supply decisions of women …-adjusted estimates of the part-time wage gap indicates that women's mean expectations are realistic. I also show that women with children …
Persistent link: https://www.econbiz.de/10012285506
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The impact of political announcements on expectations concerning the starting date of the EMU : a microeconometric approach to the detection of event-dependent answering patterns i...
Kaiser, Ulrich - 1997
This paper examines German business survey data to uncover the influence of political news on expectations concerning …
Persistent link: https://www.econbiz.de/10011621979