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We select a career based on perceptions about its prospects; we take on projects based on what we think we can accomplish; we hire employees based on how we predict they will perform.
I don't know anyone in the Princeton economics department, let alone Main Street USA, who does family budgeting based on perceptions about how reforms in tax law or labor regulation will affect incomes five years from now.
Instead, to believe that fiscal contraction will lead to higher consumption and investment spending you have to believe that consumers and firms will make major changes in their current behavior based on perceptions about taxes and spending years in the future.
However, 'living together' is not in reality a marital state but rather a description given to unmarried relationships based on perceptions about the nature of their relationship and residential arrangements.
Similar(56)
It is based on perceptions.
Not based on perception or assumption, but on evidence.
First time sales are not decided based on reality; first time sales are based on perception.
Vaccine strategy should be based on perception of severity.
Beliefs are based on perception.
Further, we did not contextualize trading types based on patients' perceptions about treatment efficacy and outcomes.
Participants were encouraged to participate in the discussion based on their perceptions about their peers, experiences of their friends, and if they felt comfortable to do so, their own experiences.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com