Endogenizing consumers' expectations in four major EC countries

This article examines the relationship between consumers' opinions and a number of measurable economic variables. It concludes that consumers' opinions are not easily explained by economic variables only. The implication is that consumer surveys do actually contain original information. he...

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Bibliographic Details
Published in:Journal of economic psychology 1985-09, Vol.6 (3), p.255-269
Main Author: Praet, Peter
Format: Article
Language:English
Subjects:
Behavior. Attitude
Biological and medical sciences
Consumer attitudes
Consumer behavior
Consumers
Consumption
Economic forecasting
Economic models
Fundamental and applied biological sciences. Psychology
Mathematical models
Polls & surveys
Psychology. Psychoanalysis. Psychiatry
Psychology. Psychophysiology
Regression analysis
Social psychology
Statistical analysis
Variables
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Description
Summary:This article examines the relationship between consumers' opinions and a number of measurable economic variables. It concludes that consumers' opinions are not easily explained by economic variables only. The implication is that consumer surveys do actually contain original information. helpful in very short-term forecasting. The paper invalidates previous investigations on the basic characteristics of opinion variables.
ISSN:0167-4870
1872-7719
DOI:10.1016/0167-4870(85)90012-1