It seems to me like you’ve learned only how much what’s actually in your wallet deviated from your best guess about what was in there. If non-wallet wealth effects can be safely ignored, then learning of an $X dollar deviation can be taken as a shock of that size to your total wealth.
It seems to me like you’ve learned only how much what’s actually in your wallet deviated from your best guess about what was in there. If non-wallet wealth effects can be safely ignored, then learning of an $X dollar deviation can be taken as a shock of that size to your total wealth.