%0 Report
        %A Dohmen, Thomas
%A Falk, Armin
%A Huffman, David B.
%A Sunde, Uwe
        %T Seemingly Irrelevant Events Affect Economic Perceptions and Expectations: The FIFA World Cup 2006 as a Natural Experiment
        %D 2006
        %8 2006 Aug
        %I Institute of Labor Economics (IZA)
        %C Bonn
        %7 IZA Discussion Paper
        %N 2275
        %U https://www.iza.org/publications/dp2275
        %X 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.
        %K expectation formation
%K sunspots
%K soccer world cup
%K macroeconomic outcomes
%K psychology