Personal Experiences and Expectations about Aggregate Outcomes

Using novel survey data, we document that individuals extrapolate from recent personal experiences when forming expectations about aggregate economic outcomes. Recent locally experienced house price movements affect expectations about future U.S. house price changes and higher experienced house pric...

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Veröffentlicht in:	The Journal of finance (New York) 2019-10, Vol.74 (5), p.2491-2542
Hauptverfasser:	KUCHLER, THERESA, ZAFAR, BASIT
Format:	Artikel
Sprache:	eng
Schlagworte:	Employment status Extrapolation Housing prices Individual differences Mortgages Personal experiences Risk adjustment Unemployment Volatility
Online-Zugang:	Volltext
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