expectations   764

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Promises, expectations & causation - ScienceDirect
"Why do people keep their promises? Vanberg (2008) and Ederer and Stremitzer (2017) provide causal evidence in favor of, respectively, an intrinsic preference for keeping one's word and Charness and Dufwenberg's (2006) expectations-based account based on guilt aversion. The overall picture is incomplete though, as no study disentangles effects in a design that provides exogenous variation of both (the key features of) promises and beliefs. We report evidence from an experimental design that does so."
social-preferences  expectations  reference-dependence  to:read 
5 weeks ago by MarcK
A Dynamic General Equilibrium Approach to Asset Pricing Experiments (Crockett Duffy)
An experiment on trading game re RatEx & market price of risk, with interesting features on how to simulate infinite horizon and intertemporal consumption smoothing.
coink  general  equilibrium  rational  expectations  finance  trading 
9 weeks ago by paunit
How this all happened
A pretty short and good description of US economic history from the end of WWII to today.
economy  US  consumer  society  debt  expectations  financial  crisis  inequality 
january 2019 by nikomoeller

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