Tobias F. Rötheli, "The Behavioral Economics of Inflation Expectations: Macroeconomics Meets Psychology" (Cambridge UP, 2020)
New Books in Psychology
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Is This Not a Similar Experiment Between Being Paid and Not Being Paid?
Is this not similar to the con s between expectation surveys done by market professionals, who do have an incentive to get it right, and just asking consumers? I think that that's a difficult question. For one thing, if i recollect correctly, the the predictive accuracy, say, ofte survey of professional forecasts, is not better than the michigan survey data. In fact, in different countries, it no, not with that inflation expectate, but with patent based expectations. And we did it here in germany and in japan, were two countries that clearly have very different cultures and histories. The mean of thes ansos for each, for each pattern,. is
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