| Subjective Probabilities in Household Surveys. | |
| | |
MedLine Citation:
|
PMID: 21643535 Owner: NLM Status: Publisher |
Abstract/OtherAbstract:
|
Subjective probabilities are now collected on a number of large household surveys with the objective of providing data to better understand inter-temporal decision making. Comparison of subjective probabilities with actual outcomes shows that the probabilities have considerable predictive power in situations where individuals have considerable private information such as survival and retirement. In contrast the subjective probability of a stock market gain varies greatly across individuals even though no one has private information and the outcome is the same for everyone. An explanation is that there is considerable variation in accessing and processing information. Further, the subjective probability of a stock market gain is considerably lower than historical averages, providing an explanation for the relatively low frequency of stock holding. An important research objective will be to understand how individuals form their subjective probabilities. |
| | |
Authors:
|
Michael D Hurd |
Related Documents
:
|
12209785 - The use of microscale processing technologies for quantification of biocatalytic baeyer... 21862105 - Assessing the value of earth observation for managing coral reefs: an example from the ... 12488005 - A hypothesis concerning diffusion-limited protein-ligand interactions. 18820235 - Ensemble modeling of metabolic networks. 15027505 - Frailty models for quality of life in oncology. 21119055 - Compilation of international regulatory guidance documents for neuropathology assessmen... |
Publication Detail:
|
Type: JOURNAL ARTICLE |
Journal Detail:
|
Title: Annual review of economics Volume: 1 ISSN: 1941-1391 ISO Abbreviation: - Publication Date: 2009 Jun |
Date Detail:
|
Created Date: 2011-6-6 Completed Date: - Revised Date: - |
Medline Journal Info:
|
Nlm Unique ID: 101537716 Medline TA: Annu Rev Econom Country: - |
Other Details:
|
Languages: ENG Pagination: 543-562 Citation Subset: - |
Affiliation:
|
RAND and NBER October, 2008. |
Export Citation:
|
APA/MLA Format Download EndNote Download BibTex |
| MeSH Terms | |
Descriptor/Qualifier:
|
|
| Grant Support | |
ID/Acronym/Agency:
|
P01 AG008291-15//NIA NIH HHS |
From MEDLINE®/PubMed®, a database of the U.S. National Library of Medicine
Previous Document: Cancer Stem Cells and Epithelial-to-Mesenchymal Transition (EMT)-Phenotypic Cells: Are They Cousins ...
Next Document: Effects of consonant-vowel transitions in speech stimuli on cortical auditory evoked potentials in a...