A Fuster, B Zafar - Handbook of Economic Expectations, 2023 - Elsevier
In this chapter, we discuss field experiments in surveys that are conducted with the purpose of learning about expectation formation and the link between expectations and behavior. We …
We study how one person may shape the way another person interprets objective information. They do this by proposing a sense-making explanation (or narrative). Using a …
We survey the recent literature in economics measuring what is on top of people's minds using open-ended questions. We first provide an overview of studies in political economy …
Investors' return expectations are pivotal in stock markets, but the reasoning behind these expectations remains a black box for economists. This paper sheds light on economic …
The risk-return tradeoff in financial markets is at the heart of asset pricing. The literature typically explores this topic by linking risk measures of financial assets to their subsequent …
M Dahlquist, M Ibert - The Review of Financial Studies, 2024 - academic.oup.com
Collecting large asset managers' capital market assumptions, we revisit the relationships between subjective equity premium expectations, equity valuations, and financial portfolios …
We conduct a field experiment with US households to study how expectations about long- run home price growth shape spending decisions. In our survey, we exogenously vary these …
Attention to the economy plays a key role in canonical macro models, yet its empirical properties are not well understood. We collect novel measures of attention to the economy …
We investigate cross-cultural differences in forecasting stock markets and trading tendencies using a survey sample of 339 participants from Switzerland, Ukraine, and China. We find …