Search

Showing 11,821-11,840 of 17,710 items.

Asymmetric Attention

By Alexandre N. Kohlhas and Ansgar Walther

American Economic Review, September 2021

We document that the expectations of households, firms, and professional forecasters in standard surveys simultaneously extrapolate from recent events and underreact to new information. Existing models of expectation formation, whether behavioral or ratio...

Justified Communication Equilibrium

By Daniel Clark and Drew Fudenberg

American Economic Review, September 2021

Justified communication equilibrium (JCE) is an equilibrium refinement for signaling games with cheap-talk communication. A strategy profile must be a JCE to be a stable outcome of nonequilibrium learning when receivers are initially trusting and senders ...

Automated Linking of Historical Data

By Ran Abramitzky, Leah Boustan, Katherine Eriksson, James Feigenbaum, and Santiago Pérez

Journal of Economic Literature, September 2021

The recent digitization of complete count census data is an extraordinary opportunity for social scientists to create large longitudinal datasets by linking individuals from one census to another or from other sources to the census. We evaluate differen...