We construct a model of an exchange economy in which agents trade assets contingent on observable signal, the probability depends public opinion. The our are replaced occasionally, and each person updates beliefs response to observed outcomes. show that distribution signal is described by quasi-nonergodic process people continue disagree with other forever. These disagreements generate large we...

The Financial Action Task Force (FATF) had taken the decision to put Pakistan on “grey list” in June 2018 and urged Islamabad implement Plan Combating Money Laundering Terrorist Financing by end of 2019. However, deadline was extended due Islamabad’s failure comply with several requirements Covid‑19 pandemic. Most stated that place terror financing watchlist as being politically motiv...

This research examined whether mothers' and fathers' beliefs about their children's alcohol use had cumulative self-fulfilling effects on their children's future drinking behavior. Analyses of longitudinal data acquired from 115 seventh-grade children and their mothers and fathers were consistent with synergistic accumulation effects for negative beliefs: Parents' beliefs predicted the greatest...