Can Unrealistic Optimism Among Consumers Precipitate Economic Recessions?
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DOI: 10.3390/risks13050083
Abstract: This paper examines the macroeconomic implications of unrealistic optimism, a psychological bias that has been largely overlooked in economic models. While traditional models often link optimism to speculative bubbles and excessive risk taking, this study… read more here.
Keywords: consumers precipitate; optimism; among consumers; unrealistic optimism ... See more keywords