Generating Unemployment Expectations of the “Man in the Street”

  • Luca GerottoEmail author
  • Paolo PellizzariEmail author
Conference paper
Part of the Lecture Notes in Computer Science book series (LNCS, volume 10978)


Why are unemployment expectations of the “man in the street” markedly different from professional forecasts? We present an agent-based model to explain this disconnection using boundedly rational agents with different levels of education.


Agent-based modeling Bounded rationality Unemployment expectations 


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    Wilensky, U.: NetLogo. Center for Connected Learning and Computer-Based Modeling, Northwestern University, Evanston (1999).

Copyright information

© Springer International Publishing AG, part of Springer Nature 2018

Authors and Affiliations

  1. 1.Department of EconomicsCa’ Foscari UniversityVeniceItaly

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