The precision of subjective data and the explanatory power of economic models
Subjective expectations are important primitives in many economic models, yet their direct measurement often yields imprecise and inconsistent data. This has previously been treated as a pure measurement error problem. In contrast, this paper argues that the individual-level precision of such data m...
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Published in | Journal of econometrics Vol. 200; no. 2; pp. 378 - 389 |
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Main Authors | , , |
Format | Journal Article |
Language | English |
Published |
Elsevier B.V
01.10.2017
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Subjects | |
Online Access | Get full text |
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