Diagnostic Expectations and Credit Cycles
NBER Working Paper No. 22266
---- Acknowledgments ----
Gennaioli thanks the European Research Council and Shleifer thanks the Pershing Square Venture Fund for Research on the Foundations of Human Behavior for financial support of this research. We are also grateful to Nicholas Barberis, Bruce Carlin, Lars Hansen, Sam Hanson, Arvind Krishnamurthy, Gordon Liao, Yueran Ma, Matteo Maggiori, Sendhil Mullainathan, Andreas Schaab, Josh Schwartzstein, Jesse Shapiro, Alp Simsek, Jeremy Stein, Amir Sufi, Chari Varadarajan, Wei Xiong, and Luigi Zingales for helpful comments. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.