Diagnostic Expectations and Credit Cycles
收藏NBER2016-05-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w22266
下载链接
链接失效反馈官方服务：
资源简介：
We present a model of credit cycles arising from diagnostic expectations a belief formation mechanism based on Kahneman and Tverskys (1972) representativeness heuristic. In this formulation, when forming their beliefs agents overweight future outcomes that have become more likely in light of
提供机构：
美国国家经济研究局
创建时间：
2016-05-01
