Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/325288 
Erscheinungsjahr: 
2025
Schriftenreihe/Nr.: 
DIW Discussion Papers No. 2130
Verlag: 
Deutsches Institut für Wirtschaftsforschung (DIW), Berlin
Zusammenfassung: 
Different methods of eliciting long-run expectations yield data that predict economic choices differently well. We ask members of a wide population sample to make a 10-year investment decision and to forecast stock market returns in one of two formats: they either predict the average of annual growth rates over the next 10 years, or they predict the total, cumulative growth that occurs over the 10-year period. Results show that total 10- year forecasts are more pessimistic than average annual forecasts, but they better predict experimental portfolio choices and real-world stock market participation.
Schlagwörter: 
Household finance
long-run predictions
survey experiments
JEL: 
D01
D14
D84
D9
Dokumentart: 
Working Paper

Datei(en):
Datei
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