Diagnostic Expectations and Credit Cycles
收藏数据链接：
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
