One constraint we face as economists is not being able to observe all the relevant variables
required to test our theories or make policy prescriptions. Laboratory techniques allow us to …

Expectations are a critical factor in determining actions in a great variety of economic
interactions. Hence, being able to measure beliefs is important in many economic …

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 …

Experimental economists currently lack a convention for how to pay subjects in experiments
with multiple tasks. We provide a theoretical framework for analyzing this question …

We present a study on the evolution of publications about applications of proper scoring
rules. Specifically, we consider articles reporting the use of proper scoring rules when either …

Bayesian updating remains the benchmark for dynamic modeling under uncertainty within
economics. Recent theory and evidence suggest individuals may process information …

We introduce a simple method for constructing a scoring rule to elicit an agent's belief about
a random variable that is incentive compatible irrespective of her risk-preference. The agent …

Incentivized methods for eliciting subjective probabilities in economic experiments present
the subject with risky choices that encourage truthful reporting. We discuss the most …

Using a unique, randomized information experiment embedded in a survey, this paper
investigates how consumers' inflation expectations respond to new information. We find that …

Expectations are important determinants of decisions made under uncertainty, and if
individuals' expectations are biased, they can make suboptimal choices. This paper uses a …