The study supplied people with past economic data, then asked them what they think of the current state of the U.K. economy. The researchers found that while partisanship was a key part of how people viewed the economy in the U.K., most people’s economic perceptions were rooted in real economic indicators, like job growth and unemployment. And — most importantly — people who held inaccurate views of the economy generally changed them when presented with corrective information. The essential results are similar to those posited by other work — corrections work, but only to a certain extent.
Facing up to the facts: What causes economic perceptions?
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