TY  - RPRT
        AU  - Dohmen, Thomas
AU  - Falk, Armin
AU  - Huffman, David B.
AU  - Sunde, Uwe
        TI  - Seemingly Irrelevant Events Affect Economic Perceptions and Expectations: The FIFA World Cup 2006 as a Natural Experiment
        PY  - 2006/Aug/
        PB  - Institute of Labor Economics (IZA)
        CY  - Bonn
        T2  - IZA Discussion Paper
        IS  - 2275
        UR  - https://www.iza.org/publications/dp2275
        AB  - 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.
        KW  - expectation formation
KW  - sunspots
KW  - soccer world cup
KW  - macroeconomic outcomes
KW  - psychology
        ER  -