Expectations, beliefs, and perceptions in the modern economy: An overview
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DOI: 10.1111/joes.12610
Abstract: Expectations matter in dynamic models where decisions in one period have implications for outcomes in subsequent periods. Rational expectations were once the dominant assumption but its popularity is waning. Human decision‐making deviates from rationality suggesting… read more here.
Keywords: expectations beliefs; modern economy; beliefs perceptions; perceptions modern ... See more keywords