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Introduction: ‘Measurement and analysis of subjective expectations’

✍ Scribed by Charles Bellemare; Charles F Manski


Publisher
John Wiley and Sons
Year
2011
Tongue
English
Weight
28 KB
Volume
26
Category
Article
ISSN
0883-7252

No coin nor oath required. For personal study only.

✦ Synopsis


Probabilistic measurement of expectations in surveys and experimental settings has become a very active area of economic research. The use of such expectations data as an input to econometric analysis has begun to grow. The idea for this special issue developed at a Workshop on Subjective Beliefs in Econometric Models held April 24-25, 2009 at Laval University in Québec city. The workshop was sponsored by the Inter-University Center on Risk, Economics Policies and Employment (CIRP ÉE). Drafts of most of the nine articles in the issue were presented at the workshop and the others are on closely related subjects. The first four articles concern household expectations for stock market outcomes, a subject of intense current concern. The fifth article contributes to experimental economics. The remaining four are on topics ranging from inflation and social security expectations to expectations of the returns to schooling and the measurement of probabilistic expectations in developing countries.

We thank all authors and reviewers for their cooperation. Their efforts have allowed us to put together this issue in a relatively short period of time.


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