https://at-ceu.studyguide.timeedit.net/modules/ECBS6062?type=COREMany economic decisions are made under uncertainty, and in most real-world settings this uncertainty is inherently subjective. Decision-makers rarely face a well-defined, objective data-generating process; instead, they must rely on personal judgment to form expectations about the consequences of their choices.This course aims to provide students with a rigorous understanding of how economists model subjective belief formation within the Bayesian framework and to critically assess empirical evidence that challenges this framework.