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Expectations, beliefs, and perceptions in the modern economy: An overview

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Listed:
  • Edda Claus
  • F. Antoine Dedewanou

Abstract

Expectations matter in dynamic models where decisions in one period have implications for outcomes in subsequent periods. Rational expectations were once the dominant assumption but its popularity is waning. Human decision‐making deviates from rationality suggesting important influences of perceptions and beliefs on decision‐making. The articles in this special issue provide up‐to‐date reviews of the importance of expectations, beliefs, and perceptions including the role of social media in shaping them.

Suggested Citation

  • Edda Claus & F. Antoine Dedewanou, 2024. "Expectations, beliefs, and perceptions in the modern economy: An overview," Journal of Economic Surveys, Wiley Blackwell, vol. 38(2), pages 297-302, April.
    • Handle: RePEc:bla:jecsur:v:38:y:2024:i:2:p:297-302
    DOI: 10.1111/joes.12610
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    References listed on IDEAS

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    1. Andranik Tumasjan, 2024. "The many faces of social media in business and economics research: Taking stock of the literature and looking into the future," Journal of Economic Surveys, Wiley Blackwell, vol. 38(2), pages 389-426, April.
    2. Nicolas Eber & Patrick Roger & Tristan Roger, 2024. "Finance and intelligence: An overview of the literature," Journal of Economic Surveys, Wiley Blackwell, vol. 38(2), pages 503-554, April.
    3. repec:bla:scandj:v:81:y:1979:i:11:p:74-82 is not listed on IDEAS
    4. Roberto Arturo Agudelo Aguirre & Alberto Antonio Agudelo Aguirre, 2024. "Behavioral finance: Evolution from the classical theory and remarks," Journal of Economic Surveys, Wiley Blackwell, vol. 38(2), pages 452-475, April.
    5. Morris Altman, 2004. "The Nobel Prize in behavioral and experimental economics: a contextual and critical appraisal of the contributions of Daniel Kahneman and Cernon Smith," Review of Political Economy, Taylor & Francis Journals, vol. 16(1), pages 3-41.
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