Behavioral Theories of the Business Cycle
收藏NBER2006-10-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w12570
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资源简介：
We explore the business cycle implications of expectation shocks and of two well-known psychological biases, optimism and overconfidence. The expectations of optimistic agents are biased toward good outcomes, while overconfident agents overestimate the precision of the signals that they receive.
提供机构：
美国国家经济研究局
创建时间：
2006-10-01
