Features of the Laboratory Data

Abstract

This chapter analyses the data elicited in the laboratory as described in Chapter 3. More specifically, before using the expectations data for the computation of time series of expectations, we want to assess how the elicited data compare across treatments and horizons. Further, it will be demonstrated that the expectations data from the laboratory survey cannot be explained by a simple linear model of extrapolation. This finding justifies the procedures detailed in the coming chapters.

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