theories have assumed that the U-shape is caused by unmet expectations that are felt painfully in midlife but beneficially … abandoned and experienced with less regret during old age. In a unique panel of 132,609 life satisfaction expectations matched … support theories that unmet expectations drive the age U-shape in wellbeing. …

volatility over the benchmark rational expectations case and exactly matches the standard deviation of consumption. Finally, the …

form expectations using adaptive learning rather than rational expectations (RE). The output multipliers for government …

expectations, using a survey conducted in Spain by PwC, among a panel of experts and entrepreneurs. When analysing the headline … inflation used. As for the consistency properties of the inflation expectations formation process, we find that panel members … form stabilising expectations in the case of the headline inflation rate, both in the short and in the long-run, although …

coaches implement significantly more offensive substitutions if their teams are behind expectations. Both types of behaviors …

The paper proves that the Bayesian approach to learning and expectations formation implies no propositions that could …