Psychological Biases and Economic Expectations: Some Further Evidence *

Abstract

This paper investigates possible psychological biases using a confidence survey of 30 industrial sectors in Brazil during the 1999Q3-2009Q4 period. The econometric approach builds on the work of Bovi (2009) by considering the significance of discrepancies between ex-post evaluations and ex-ante expectations but extends the analysis by considering sectoral evidence from industry experts instead of aggregate evidence from lay people The evidence, even in the case of perceptions of general economic conditions, indicates that the presence of important psychological biases cannot be discarded.

Cite this work

No public copy is stored for this record, so only the metadata is cited.

Stored only when both papers are in the corpus — 0 citations exist upstream.

Papers that cite the same references — the relational fallback while embeddings are still backfilling.