{"id":"https://openalex.org/W4302839302","doi":null,"title":"Measurement Error in Subjective Expectations and the Empirical Content of Economic Models","display_name":"Measurement Error in Subjective Expectations and the Empirical Content of Economic Models","publication_year":2014,"publication_date":"2014-01-01","ids":{"openalex":"https://openalex.org/W4302839302"},"language":"en","primary_location":{"id":"pmh:oai:RePEc:iza:izadps:dp8535","doi":null,"is_oa":true,"landing_page_url":"https://docs.iza.org/dp8535.pdf","pdf_url":"https://docs.iza.org/dp8535.pdf","source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"preprint"},"volume":null,"type":"preprint","is_traditional":true,"indexed_in":[],"open_access":{"is_oa":true,"oa_status":"green","oa_url":"https://docs.iza.org/dp8535.pdf","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5078280030","display_name":"Tilman H. Drerup","orcid":null,"observed_orcids":[]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Tilman Drerup","raw_affiliation_strings":[],"raw_orcid":null,"affiliations":[]},{"author_position":"last","author":{"id":"https://openalex.org/A5015368206","display_name":"Benjamin Enke","orcid":"https://orcid.org/0000-0002-7400-3293","observed_orcids":["https://orcid.org/0000-0002-7400-3293"]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Benjamin Enke","raw_affiliation_strings":[],"raw_orcid":null,"affiliations":[]}],"institutions":[],"countries_distinct_count":0,"institutions_distinct_count":0,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":null,"has_fulltext":true,"cited_by_count":0,"citation_normalized_percentile":null,"cited_by_percentile_year":null,"biblio":{"volume":null,"issue":null,"first_page":null,"last_page":null},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10315","display_name":"Decision-Making and Behavioral Economics","score":0.6625999808311462,"subfield":{"id":"https://openalex.org/subfields/1800","display_name":"General Decision Sciences"},"field":{"id":"https://openalex.org/fields/18","display_name":"Decision Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10315","display_name":"Decision-Making and Behavioral Economics","score":0.6625999808311462,"subfield":{"id":"https://openalex.org/subfields/1800","display_name":"General Decision Sciences"},"field":{"id":"https://openalex.org/fields/18","display_name":"Decision Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10517","display_name":"Financial Literacy, Pension, Retirement Analysis","score":0.2930000126361847,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10047","display_name":"Financial Markets and Investment Strategies","score":0.028200000524520874,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/measurement-error","display_name":"measurement error","score":0.9570000171661377},{"id":"https://openalex.org/keywords/subjective-expectations","display_name":"subjective expectations","score":0.9950000047683716},{"id":"https://openalex.org/keywords/stock-market-participation","display_name":"stock market participation","score":0.777999997138977},{"id":"https://openalex.org/keywords/portfolio-optimization","display_name":"portfolio optimization","score":0.8500000238418579},{"id":"https://openalex.org/keywords/semiparametric-estimation","display_name":"semiparametric estimation","score":0.8320000171661377}],"concepts":[{"id":"https://openalex.org/C2778152352","wikidata":"https://www.wikidata.org/wiki/Q5165061","display_name":"Content (measure theory)","level":2,"score":0.7498358488082886},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.5587545037269592},{"id":"https://openalex.org/C119693030","wikidata":"https://www.wikidata.org/wiki/Q2180497","display_name":"Economic model","level":2,"score":0.42149484157562256},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.4204050898551941},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.3476164937019348},{"id":"https://openalex.org/C15744967","wikidata":"https://www.wikidata.org/wiki/Q9418","display_name":"Psychology","level":0,"score":0.3419860601425171},{"id":"https://openalex.org/C139719470","wikidata":"https://www.wikidata.org/wiki/Q39680","display_name":"Macroeconomics","level":1,"score":0.246588796377182},{"id":"https://openalex.org/C33923547","wikidata":"https://www.wikidata.org/wiki/Q395","display_name":"Mathematics","level":0,"score":0.21109390258789062},{"id":"https://openalex.org/C134306372","wikidata":"https://www.wikidata.org/wiki/Q7754","display_name":"Mathematical analysis","level":1,"score":0.0}],"mesh":[],"locations_count":4,"locations":[{"id":"pmh:oai:RePEc:iza:izadps:dp8535","doi":null,"is_oa":true,"landing_page_url":"https://docs.iza.org/dp8535.pdf","pdf_url":"https://docs.iza.org/dp8535.pdf","source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"preprint"},{"id":"pmh:oai:CiteSeerX.psu:10.1.1.688.489","doi":null,"is_oa":false,"landing_page_url":"http://citeseerx.ist.psu.edu/viewdoc/summary?doi=10.1.1.688.489","pdf_url":null,"source":null,"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"http://anon-ftp.iza.org/dp8535.pdf","raw_type":"text"},{"id":"pmh:oai:CiteSeerX.psu:10.1.1.720.91","doi":null,"is_oa":false,"landing_page_url":"http://citeseerx.ist.psu.edu/viewdoc/summary?doi=10.1.1.720.91","pdf_url":null,"source":null,"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"http://www.wiwi.uni-bonn.de/gaudecker/_static/meas_error_subj_beliefs.pdf","raw_type":"text"},{"id":"pmh:oai:econstor.eu:10419/104690","doi":null,"is_oa":false,"landing_page_url":"http://hdl.handle.net/10419/104690","pdf_url":null,"source":{"id":"https://openalex.org/S4306401696","display_name":"Econstor (Econstor)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"","raw_type":"doc-type:workingPaper"}],"best_oa_location":{"id":"pmh:oai:RePEc:iza:izadps:dp8535","doi":null,"is_oa":true,"landing_page_url":"https://docs.iza.org/dp8535.pdf","pdf_url":"https://docs.iza.org/dp8535.pdf","source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"preprint"},"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":true,"grobid_xml":true},"content_urls":{"pdf":"https://content.openalex.org/works/W4302839302.pdf","grobid_xml":"https://content.openalex.org/works/W4302839302.grobid-xml"},"referenced_works_count":32,"referenced_works":["https://openalex.org/W1489725939","https://openalex.org/W1496232687","https://openalex.org/W1505758174","https://openalex.org/W1533355537","https://openalex.org/W1591764315","https://openalex.org/W1601160662","https://openalex.org/W1607995188","https://openalex.org/W1972320266","https://openalex.org/W1988496190","https://openalex.org/W2001477467","https://openalex.org/W2008565199","https://openalex.org/W2016553450","https://openalex.org/W2019716255","https://openalex.org/W2051178397","https://openalex.org/W2115540370","https://openalex.org/W2117367485","https://openalex.org/W2124482936","https://openalex.org/W2135503447","https://openalex.org/W2136149423","https://openalex.org/W2136710049","https://openalex.org/W2141613794","https://openalex.org/W2144656807","https://openalex.org/W2230176466","https://openalex.org/W2291688673","https://openalex.org/W3022853033","https://openalex.org/W3121918578","https://openalex.org/W3122172276","https://openalex.org/W3122433844","https://openalex.org/W3123680939","https://openalex.org/W3123703700","https://openalex.org/W3125718811","https://openalex.org/W4252127527"],"related_works":["https://openalex.org/W7048766058","https://openalex.org/W2733943618","https://openalex.org/W1497578181","https://openalex.org/W4205172030","https://openalex.org/W3126012564","https://openalex.org/W2182553746","https://openalex.org/W2068236478","https://openalex.org/W2010561893","https://openalex.org/W2949953582","https://openalex.org/W1499989492"],"abstract_inverted_index":{"While":[0],"stock":[1],"market":[2,80],"expectations":[3,32,120],"are":[4,102],"among":[5],"the":[6,25,40,92,96,109],"most":[7],"important":[8],"primitives":[9],"of":[10,27,39,46,53,95],"portfolio":[11,47],"choice":[12,48,128],"models,":[13],"their":[14],"measurement":[15,28,97,116],"has":[16],"proved":[17],"challenging":[18],"for":[19,76,89,106],"some":[20],"respondents.":[21],"We":[22],"ar-gue":[23],"that":[24,115],"magnitude":[26],"error":[29,98,117],"in":[30,86,118,127],"subjective":[31,119],"can":[33],"be":[34],"used":[35],"as":[36],"an":[37,50],"indicator":[38],"degree":[41],"to":[42,59,84,124],"which":[43],"economic":[44],"models":[45],"provide":[49],"ade-quate":[51],"representation":[52],"individual":[54],"decision":[55],"processes.":[56],"In":[57],"order":[58],"explore":[60],"this":[61,77],"conjecture":[62],"empirically,":[63],"we":[64],"estimate":[65],"a":[66,72],"semiparametric":[67],"double":[68],"index":[69],"model":[70,87],"on":[71],"dataset":[73],"specifically":[74],"collected":[75],"purpose.":[78],"Stock":[79],"participation":[81],"reacts":[82],"strongly":[83],"changes":[85],"parameters":[88],"respondents":[90],"at":[91,108],"lower":[93],"end":[94],"distribution;":[99],"these":[100],"effects":[101],"much":[103],"less":[104],"pronounced":[105],"individuals":[107],"upper":[110],"end.":[111],"Our":[112],"findings":[113],"indicate":[114],"provides":[121],"useful":[122],"information":[123],"uncover":[125],"heterogeneity":[126],"behavior.":[129]},"counts_by_year":[],"updated_date":"2026-11-04T10:54:05.112534","created_date":"2022-10-07T00:00:00"}
