BEHAVIORAL THEORIES OF THE BUSINESS CYCLE
BEHAVIORAL THEORIES OF THE BUSINESS CYCLE
About this item
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Author / Creator
Publisher
Oxford, UK: Blackwell Publishing Ltd
Journal title
Language
English
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Publication information
Publisher
Oxford, UK: Blackwell Publishing Ltd
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Scope and Contents
Contents
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, whereas overconfident agents overestimate the precision of the signals that they receive. Both expectation shocks and overconfidence can incr...
Alternative Titles
Full title
BEHAVIORAL THEORIES OF THE BUSINESS CYCLE
Authors, Artists and Contributors
Author / Creator
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Record Identifier
TN_cdi_proquest_miscellaneous_36794955
Permalink
https://devfeature-collection.sl.nsw.gov.au/record/TN_cdi_proquest_miscellaneous_36794955
Other Identifiers
ISSN
1542-4766
E-ISSN
1542-4774
DOI
10.1162/jeea.2007.5.2-3.361
