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Dohmen, Thomas
Falk, Armin
Huffman, David
Sunde, Uwe
Year of Publication: 
Series/Report no.: 
IZA Discussion Papers 2275
Prominent economic theories have emphasized the role of commonly held perceptions and expectations for determining macroeconomic outcomes. A key empirical question is how such collectively held beliefs are formed. We use the FIFA World Cup 2006 as a natural experiment. We provide direct evidence that seemingly irrelevant events (the outcomes of soccer matches) can systematically affect individual perceptions about economic prospects, both on a personal and economy-wide level
Document Type: 
Working Paper

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