Disagreement about Taste: Commonality Presuppositions and Coordination

Commonality in Disagreement and Asset Pricing

This paper presents a dynamic model to demonstrate that, when di¤erences-of-opinion over individual securities have a common component, the valuation of the aggregate market can be higher than its fundamental even if all investors agree on the market fundamental, and the common disagreement drives discount rate news. Using analyst forecast dispersion to measure disagreement, I …nd empirical evi...

Minimal (Disagreement About) Semantics

Disagreement about Inflation Expectations

Analyzing 50 years of inflation expectations data from several sources, we document substantial disagreement among both consumers and professional economists about expected future inflation. Moreover, this disagreement shows substantial variation through time, moving with inflation, the absolute value of the change in inflation, and relative price variability. We argue that a satisfactory model...

Disagreement about the Team's Status Hierarchy: An Insidious Obstacle to Coordination and Performance

Context Dependence , Disagreement , and Predicates of Personal Taste

This paper argues that truth values of sentences containing predicates of ‘‘personal taste’’ such as fun or tasty must be relativized to individuals. This relativization is of truth value only, and does not involve a relativization of semantic content: If you say roller coasters are fun, and I say they are not, I am negating the same content which you assert, and directly contradicting you. Non...