Behavioral Theories of the Business Cycle
收藏NBER2006-10-01 更新2025-01-04 收录
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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.
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美国国家经济研究局创建时间：
2006-10-01
