Collaborative Research: Diagnostic Expectations, Uncertainty, and Macroeconomic Fluctuatio — NSF Award to Duke University (NC, $21
This award funds research in macroeconomics and bounded rationality. The team starts with the observation that in the formalization of representativeness (Kahneman and Tversky, 1972) developed by Gennaioli and Shleifer (2010), overreaction and confidence are affected by uncertainty, as a news effect interacts with an u
| Award title | Collaborative Research: Diagnostic Expectations, Uncertainty, and Macroeconomic Fluctuatio |
|---|---|
| Award ID | 2417397 |
| Awardee | Duke University |
| City | DURHAM |
| State | NC |
| Amount obligated | $219,215 |
| Principal investigator | Cosmin Ilut |
| Program | Economics |
| Start date | 09/01/2024 |
| Abstract | This award funds research in macroeconomics and bounded rationality. The team starts with the observation that in the formalization of representativeness (Kahneman and Tversky, 1972) developed by Gennaioli and Shleifer (2010), overreaction and confidence are affected by uncertainty, as a news effect interacts with an uncertainty effect. In the time series domain, this interaction emerges in a smooth version of Diagnostic Expectations (DE). Under Smooth Diagnostic Expectations (Smooth DE), agents |
| Source | NSF Awards |
$799/mo
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