Looking ahead to research enhancing measurement of expectations

Charles F. Manski

doi:10.1016/B978-0-12-822927-9.00036-7

Looking ahead to research enhancing measurement of expectations

Charles F. Manski^*

^*Corresponding author for this work

Economics

Research output: Chapter in Book/Report/Conference proceeding › Chapter

Abstract

In this chapter I describe research, most of it recent, that seeks to enhance measurement of expectations and I look ahead to encourage future study of major open questions. I summarize efforts to measure and interpret rounding in reported probabilities. I conjecture that persons may sometimes hold imprecise probabilities, summarize a study that measures imprecision, and call for further research on imprecision. I consider the large problem of understanding expectations formation with receipt of new information. I discuss hypotheses that persons may sometimes confound their expectations and preferences.

Original language	English (US)
Title of host publication	Handbook of Economic Expectations
Publisher	Elsevier
Pages	809-822
Number of pages	14
ISBN (Electronic)	9780128229279
ISBN (Print)	9780128234761
DOIs	https://doi.org/10.1016/B978-0-12-822927-9.00036-7
State	Published - Jan 1 2022

Keywords

confounding expectations and preferences
expectations formation
imprecise probabilities
Measurement of probabilistic expectations
rounding

ASJC Scopus subject areas

Economics, Econometrics and Finance(all)
General Business, Management and Accounting

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10.1016/B978-0-12-822927-9.00036-7

Cite this

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AB - In this chapter I describe research, most of it recent, that seeks to enhance measurement of expectations and I look ahead to encourage future study of major open questions. I summarize efforts to measure and interpret rounding in reported probabilities. I conjecture that persons may sometimes hold imprecise probabilities, summarize a study that measures imprecision, and call for further research on imprecision. I consider the large problem of understanding expectations formation with receipt of new information. I discuss hypotheses that persons may sometimes confound their expectations and preferences.

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KW - imprecise probabilities

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KW - rounding

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Looking ahead to research enhancing measurement of expectations

Abstract

Keywords

ASJC Scopus subject areas

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