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Persistent link: https://www.econbiz.de/10011502922
are driven by status concerns and differences in career expectations. …
Persistent link: https://www.econbiz.de/10011386816
In ecological and environmental sampling the quantification of units is either difficult or overly demanding in terms of the time, money, workload, it requires. For this reason efficient and cost-effective sampling methods need to be devised for data collecting. The most commonly used method for...
Persistent link: https://www.econbiz.de/10012664738
In this paper the relatively new technique of neural nets is integrated in a traditional model of portfolio choice. On the basis of Arrow’s State Preference Model the investment decision depends on the expectation building process which consists of two components. The individual information...
Persistent link: https://www.econbiz.de/10010291745
The Fisher relation played a very different role in debates surrounding the Great Depression and the more recent Great Recession. This paper explores some of these differences, and suggests an explanation for them derived from a sketch of the idea's evolution between the two events, thus...
Persistent link: https://www.econbiz.de/10010291897
rationally adjust their beliefs about future productivity growth after the arrival of news. A downward revision of expectations …
Persistent link: https://www.econbiz.de/10010292050
This working paper comments on Monika Piazzesi and Martin Schneider's 'Bond Positions, Expectations, and the Yield …
Persistent link: https://www.econbiz.de/10010292346
This paper implements a structural model of the yield curve with data on nominal positions and survey forecasts. Bond prices are characterized in terms of investors' current portfolio holdings as well as their subjective beliefs about future bond payoffs. Risk premia measured by an...
Persistent link: https://www.econbiz.de/10010292351
Informational asymmetries abound in economic decision making and often provide an incentive for deception through telling a lie or misrepresenting information. In this paper I use a cheap-talk sender-receiver experiment to show that telling the truth should be classified as deception too if the...
Persistent link: https://www.econbiz.de/10010293415
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