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Survey Experiments on Economic Expectations

Author

Listed:
  • Andreas Fuster
  • Basit Zafar

Abstract

In this chapter, we discuss field experiments in surveys that are conducted with the purpose of learning about expectation formation and the link between expectations and behavior. We begin by reviewing the rationale for conducting experiments within surveys, rather than just relying on observational survey data. We then outline the most commonly used experimental paradigm, randomized information provision, along with some examples. Next, we outline a few methodological issues that are important to consider in the design of such experiments. We also provide a discussion of existing extensions of this paradigm, as well as of alternative approaches.

Suggested Citation

  • Andreas Fuster & Basit Zafar, 2022. "Survey Experiments on Economic Expectations," NBER Working Papers 29750, National Bureau of Economic Research, Inc.
    • Handle: RePEc:nbr:nberwo:29750
    Note: ED LS ME PE
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    Cited by:

    1. Gizem Koşar & Cormac O'Dea, 2022. "Expectations Data in Structural Microeconomic Models," NBER Working Papers 30094, National Bureau of Economic Research, Inc.
    2. Erdsiek, Daniel & Rost, Vincent, 2023. "How do managers form their expectations about working from home? Survey experiments on the perception of productivity," ZEW Discussion Papers 23-018, ZEW - Leibniz Centre for European Economic Research.
    3. Patricia Cortés & Gizem Koşar & Jessica Pan & Basit Zafar, 2022. "Should Mothers Work? How Perceptions of the Social Norm Affect Individual Attitudes Toward Work in the U.S," NBER Working Papers 30606, National Bureau of Economic Research, Inc.
    4. Martinangeli, Andrea & Windsteiger, Lisa, 2022. "Cheating Responses to Tax Evasion," VfS Annual Conference 2022 (Basel): Big Data in Economics 264029, Verein für Socialpolitik / German Economic Association.
    5. Juliana Bernhofer & Alessandro Fedele & Mirco Tonin, 2022. "Wage Expectations and Access to Healthcare Occupations: Evidence from an Information Experiment," BEMPS - Bozen Economics & Management Paper Series BEMPS95, Faculty of Economics and Management at the Free University of Bozen.
    6. Martinangeli, Andrea F.M. & Windsteiger, Lisa, 2023. "Immigration vs. poverty: Causal impact on demand for redistribution in a survey experiment," European Journal of Political Economy, Elsevier, vol. 78(C).
    7. Christian Stoltenberg & Arne Uhlendorf, 2022. "Consumption Choices and Earnings Expectations: Empirical Evidence and Structural Estimation," Working Papers 2022-15, Center for Research in Economics and Statistics.
    8. Luisa Dörr & Klaus Gründler & Philipp Heil & Niklas Potrafke & Timo Wochner, 2024. "Experteneinschätzungen zum globalen Standortwettbewerb," ifo Forschungsberichte, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, number 142.
    9. Klaus Gründler & Philipp Heil & Niklas Potrafke & Timo Wochner, 2023. "The US-Inflation Reduction Act: Global Assessments of Economic Experts," ifo Forschungsberichte, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, number 138.
    10. Aucejo, Esteban M. & French, Jacob & Zafar, Basit, 2023. "Estimating students’ valuation for college experiences," Journal of Public Economics, Elsevier, vol. 224(C).
    11. Erdsiek, Daniel & Rost, Vincent, 2022. "Datenbewirtschaftung in deutschen Unternehmen: Umfrageergebnisse zu Status-quo und mittelfristigem Ausblick," ZEW Expert Briefs 22-09, ZEW - Leibniz Centre for European Economic Research.
    12. Jones, Sam & Santos, Ricardo, 2022. "Can information correct optimistic wage expectations? Evidence from Mozambican job-seekers," Journal of Development Economics, Elsevier, vol. 159(C).
    13. Andrea F.M. Martinangeli & Lisa Windsteiger, 2022. "The Propagation of Unethical Behaviours: Cheating Responses to Tax Evasion," CESifo Working Paper Series 10144, CESifo.
    14. Ehrmann, Michael & Georgarakos, Dimitris & Kenny, Geoff, 2023. "Credibility gains from communicating with the public: evidence from the ECB’s new monetary policy strategy," Working Paper Series 2785, European Central Bank.

    More about this item

    JEL classification:

    • C83 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Survey Methods; Sampling Methods
    • C93 - Mathematical and Quantitative Methods - - Design of Experiments - - - Field Experiments
    • D84 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Expectations; Speculations

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