The psychophysics of inflation.

Author(s)
Batchelor, R.A.
Year
Abstract

This study examines whether perceptions of and attitudes towards inflation obey standard psychological laws. Survey data on eight countries are used to generate estimates of the threshold for perceptions of changes in inflation, and the rate of inflation which consumers consider moderate. The Weber law, that the thresholds are constant, is firmly rejected.

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Publication

Library number
B 27168 fo /01 /
Source

From: Journal of Economic Psychology, 7 (1986) p. 269- 290, 16 ref.

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This publication is one of our other publications, and part of our extensive collection of road safety literature, that also includes the SWOV publications.