Measuring and interpreting expectations
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Jeff Dominitz; Charles F. Manski
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Article
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2010
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John Wiley and Sons
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English
โ 156 KB
## Abstract We analyze probabilistic expectations of equity returns elicited in the Survey of Economic Expectations in 1999โ2001 and in the Michigan Survey of Consumers in 2002โ2004. Our empirical findings suggest that individuals use interpersonally variable but intrapersonally stable processes to