Seemingly irrelevant events affect economic perceptions and expectations
Subtitle: the FIFA World Cup 2006 as a natural experiment
By: by Thomas Dohmen .... [et al.].
Series: Discussion paper -- no. 2275; Discussion paper (Forschungsinstitut zur Zukunft der Arbeit : Online) -- no. 2275
Publisher: IZA
Published: 2006
Place of publication: Bonn, Germany
Language: eng
Format: [electronic resource] :
Subjects: Economic forecasting; Macroeconomics; World Cup (Soccer)
Description: "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"--Forschungsinstitut zur Zukunft der Arbeit web site.
Notes: Title from PDF file as viewed on 8/18/2006.

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