Endogenous Expectations
选择性调查了预期在会计研究中的使用，指出研究多依赖外生预期，而非通过识别信息源和均衡论证实现内生分析。
I selectively survey the use of expectations in accounting research. While expectations are central to modeling work and essential in empirical documentation, we tend to rely on largely exogenous expectations, as opposed to closing the analysis with aggressive identification of information sources and an explicit equilibrium argument.