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Visibility Bias in the Transmission of Consumption Beliefs and Undersaving

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NBER2019-02-01 更新2025-01-04 收录
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https://www.nber.org/papers/w25566
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We model visibility bias in the social transmission of consumption behavior. When consumption is more salient than non-consumption, people perceive that others are consuming heavily, and infer that future prospects are favorable. This increases aggregate consumption in a positive feedback loop. A
提供机构:
美国国家经济研究局
创建时间:
2019-02-01
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