Biased beliefs in dynamic decisions: extensions to policy and communication (A02)

• Subject Area: Economic Policy, Applied Economics ; Statistics and Econometrics
• Term: since 2017
• Project identifier: Deutsche Forschungsgemeinschaft (DFG) - Project number 280092119

The project focuses on the dynamic nature of expectations of individuals and households. Much of the project’s completed research in the second funding period concerns human capital accumulation and financial investments, combining the empirical approaches of structural modelling and causal inference with those in laboratory and survey experiments. In the third funding period, the project team will extend this work to new policy domains: monetary policy, pension policy and climate policy. In some of the project’s studies, a special emphasis lies on policy communication and its relation with behavior of households.

• DFG Programme: CRC/Transregios
• Subproject of: TRR 190: Rationality and Competition: The Economic Performance of Individuals and Firms
• Applicant Institution: Ludwig-Maximilians-Universität München
• Project Heads: Professor Dr. Christoph Breunig, until 12/2020; Professor Dr. Peter Haan; Professor Georg Weizsäcker, Ph.D.; Professor Dr. Mirko Wiederholt