Learning from Inflation Experiences

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Personal Experiences and Expectations about Aggregate Outcomes (2019, neutral): “Excessive extrapolation from personal experiences can result from a deviation from either assumption: Respondents may rely heavily on their own experience because they do not know other relevant information, for instance, because of rational inattention (as in Sims [2003], Gabaix [2014]) or costly i”
Exposure to Daily Price Changes and Inflation Expectations (2019, neutral): “Frequent shoppers, instead, tend to face only small departures from the “normal price” and experience many small price changes at high frequency (Eichenbaum, Jaimovich, and Rebelo (2011)), because grocery prices change in all directions at high frequencies, including negative changes due to temporar”
IQ, Expectations, and Choice (2019, neutral): “…of expectations and the relationship with economic behavior are Zafar (2011), who studies the formation of expectations by college students, Malmendier and Nagel (2016) and Kuchler and Zafar (2018), who study the effect of personal experiences on expectations about aggregate outcomes,…”
Corporate Scandals and Household Stock Market Participation (2015, background): “However, Malmendier and Nagel (2011, 2013) show that economic experiences way into the past affect risk preferences and expectations.”