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Home>Mind the (Expectations) Gap: Demographic Trends and GDP

Mind the (Expectations) Gap: Demographic Trends and GDP

Perspectives Content Submission

Thu, 27 Jun 2013

Mind the (Expectations) Gap: Demographic Trends and GDP 1 A large body of research in psychology and economics shows that human beings tend to form their expectations by relying on past experiences—especially  recent ones. Malmendier and Nagel (2011), for instance, talk about investors who live thr

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