NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Household Stock Market Beliefs and Learning

Gábor Kézdi, Robert J. Willis

NBER Working Paper No. 17614
Issued in November 2011

---- Acknowledgements -----

Support from the National Institute of Aging (PO1 AG026571 and RO3 AG29469) is acknowledged. The authors thank Andras Fulop, Krisztina Molnar, Mathew Shapiro, Adam Szeidl, and seminar participants at Central European University, CERGE-EI Prague, NBER, the University of Michigan, the University of Munich, the EEA/ESEM 2008 meetings, and the First Jackson Hole Conference on Subjective Probabilities for their comments. Peter Hudomiet provided excellent research assistantship and many valuable comments. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.

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