Survey Experiments on Economic Expectations

Working Paper: NBER ID: w29750

Authors: 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.

Keywords: No keywords provided

JEL Codes: C83; C93; D84


Causal Claims Network Graph

Edges that are evidenced by causal inference methods are in orange, and the rest are in light blue.


Causal Claims

CauseEffect
Expectations (D84)Economic Decisions (N00)
Changes in Expectations (D84)College Major Choices (M49)
Expectations (D84)Probability of Graduating with a Chosen Major (C15)
Natural Experiments (C93)Exogenous Variation in Expectations (D84)
Experimentally Perturbed Beliefs about Earnings (D83)Choices (Y90)

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