The DOI matches its Crossref record; 4 of the 4 references it cites were found in a registry or an index.
The Price Is Right: Updating Inflation Expectations in a Randomized Price Information Experiment
Open accessAbstract
Using a unique, randomized information experiment embedded in a survey, this paper investigates how consumers’ inflation expectations respond to new information. We find that respondents, on average, update their expectations in response to (certain types of) information, and do so sensibly, in a manner consistent with Bayesian updating. As a result of information provision, the distribution of inflation expectations converges toward its center and cross-sectional disagreement declines. We document heterogeneous information processing by gender and present suggestive evidence of respondents forecasting under asymmetric loss. Our results provide support for expectation-formation models in which agents form expectations rationally but face information constraints.
Overview
The claims and statistics of this paper haven’t been checked yet.
Run the check — free, no account needed. It reads the open-access text and checks the sources it cites.
Integrity signals
Registry
Cites
Statistics
Verification
Claims the paper makes
The claims and statistics of this paper haven’t been checked yet.
Run the check — free, no account needed. It reads the open-access text and checks the sources it cites.
Self-check
Percentages, sums and reported differences re-computed from the paper’s own numbers.
The self-check needs the paper’s full text.
Citations
Cites
Tversky, A., & Kahneman, D. (1974) · Science · doi:10.1126/science.185.4157.1124 · Cited by 28,810
Lord, C. G., Ross, L., & Lepper, M. R. (1979) · Journal of Personality and Social Psychology · doi:10.1037/0022-3514.37.11.2098 · Cited by 4,583
Do Women Shy Away From Competition? Do Men Compete Too Much?
Niederle, M., & Vesterlund, L. (2007) · The Quarterly Journal of Economics · doi:10.1162/qjec.122.3.1067 · Cited by 3,186
Determinants of College Major Choice: Identification using an Information Experiment
Wiswall, M., & Zafar, B. (2015) · The Review of Economic Studies · doi:10.1093/restud/rdu044 · Cited by 533
Self-citation
Cited by
Monetary Policy Communications and Their Effects on Household Inflation Expectations
Coibion, O., Gorodnichenko, Y., & Weber, M. (2022) · Journal of Political Economy · doi:10.1086/718982 · Cited by 518
Inflation expectations as a policy tool?
Coibion, O., Gorodnichenko, Y., Kumar, S., & Pedemonte, M. (2020) · Journal of International Economics · doi:10.1016/j.jinteco.2020.103297 · Cited by 382
Home Price Expectations and Behaviour: Evidence from a Randomized Information Experiment
Armona, L., Fuster, A., & Zafar, B. (2019) · The Review of Economic Studies · doi:10.1093/restud/rdy038 · Cited by 319
Self-citationCoronavirus Fears and Macroeconomic Expectations
Binder, C. (2020) · The Review of Economics and Statistics · doi:10.1162/rest_a_00931 · Cited by 269
How Do Expectations about the Macroeconomy Affect Personal Expectations and Behavior?
Roth, C., & Wohlfart, J. (2020) · The Review of Economics and Statistics · doi:10.1162/rest_a_00867 · Cited by 266
Metadata
- Authors
- Armantier, O., Nelson, S., Topa, G., van der Klaauw, W., & Zafar, B.
- Venue
- Review of Economics and Statistics
- Publisher
- MIT Press - Journals
- Published
- 2016-07
- Volume
- 98
- Issue
- 3
- Pages
- 503-523
- ISSN
- 0034-6535 (ISSN-L)
- 1530-9142
- OpenAlex
- W2613648890
- Cited by
- 259
- References
- 4
- FWCI
- 24.23
- Type
- journal article
- Language
- en
- Open access
- bronze
About these checks
Registry, retraction, Cites and statistics results are computed, not judged, with one exception: a printed reference that no index lists is read once by a model before it counts as a citation error. Claims are extracted by a model and kept only when their quote appears verbatim in the text; each cited source is then checked, with a model’s help, for whether it says what the claim relies on. Those verdicts can be wrong — read the claim’s quote and the cited source before relying on one.
Statistics and arithmetic are recomputed, not judged.
Confidence bands are shown only for fields calibrated on our annotated test set. None is calibrated yet, so no band is shown.
What counts as a claim ›How we measure confidence ›How we check this ›
Are you an author, or do you see a problem with this page? Request a review
How to cite
Cite CoChat for the checks on this page, and the paper for its own findings.
- This page
- CoChat. (2026). Citation check: The Price Is Right: Updating Inflation Expectations in a Randomized Price Information Experiment. https://app.cochat.ai/papers/10.1162/rest_a_00499
- The paper
- Armantier, O., Nelson, S., Topa, G., van der Klaauw, W., & Zafar, B. (2016). The Price Is Right: Updating Inflation Expectations in a Randomized Price Information Experiment. Review of Economics and Statistics. https://doi.org/10.1162/rest_a_00499
Data sources
Bibliographic data: Semantic Scholar, OpenAlex, Crossref.
Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
