Subjective Outcomes in Economics

Daniel Hamermesh

No 10361, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: This study examines the various uses of subjective outcomes as a focus of interest for economists. It outlines the possible channels by which economists can usefully add to what are already massive literatures on such outcomes in the other social sciences. Generally we contribute little if we merely engage in fancier empirical work and still less if we describe subjective outcomes by other subjective outcomes. Our biggest contributions can be in adducing economic theories that allow a better understanding of objective behavior using subjective outcomes, or of the determinants of subjective outcomes; or in understanding subjective outcomes, such as expectations, that underlie objective economic behavior.

JEL-codes: I00 J00 (search for similar items in EconPapers)
Date: 2004-03
New Economics Papers: this item is included in nep-hpe
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Published as "Subjective Outcomes in Economics" Hamermesh, Daniel S.; Southern Economic Journal, July 2004, v. 71, iss. 1, pp. 2-11

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