کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
11004375 1471615 2018 22 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Consumptor economicus: How do consumers form expectations on economic variables?
موضوعات مرتبط
علوم انسانی و اجتماعی اقتصاد، اقتصادسنجی و امور مالی اقتصاد و اقتصادسنجی
پیش نمایش صفحه اول مقاله
Consumptor economicus: How do consumers form expectations on economic variables?
چکیده انگلیسی
Consumptor economicus, the economic consumer, is more complex than homo economicus. We find consumers form monthly expectations on inflation, unemployment and economic conditions based on coherent evaluations of relevant news. Relevant information is incorporated gradually, leading to a transient bias in consumer expectations, an established result. But expectations are also based on emotional responses to irrelevant events. We borrow the partisan bias from the political science and social psychology literature to identify exogenously emotional responses. Our results demonstrate that consumers also incorporate irrelevant emotive events immediately, leading to a persistent emotional bias in expectations, a new result.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of Economic Behavior & Organization - Volume 152, August 2018, Pages 254-275
نویسندگان
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