Book Reviews
Keyword(s):
William Branch of University of California, Irvine reviews “The Behavioral Economics of Inflation Expectations: Macroeconomics Meets Psychology” by Tobias F. Rötheli. The Econlit abstract of this book begins: “Considers the recent resurgence of interest in extrapolation as a descriptive theory of expectations, outlining a theory of pattern-based extrapolations rooted in cognitive psychology and empirical observation.”