Optimal Expectations
收藏NBER2004-08-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w10707
下载链接
链接失效反馈官方服务：
资源简介：
This paper introduces a tractable, structural model of subjective beliefs. Forward-looking agents care about expected future utility flows, and hence have higher current felicity if they believe that better outcomes are more likely. On the other hand, biased expectations lead to poorer decisions and
提供机构：
美国国家经济研究局
创建时间：
2004-08-01
