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They worked on rational expectations and showed problems in it.
The series is so emotional there can be few rational expectations.
The law is implicit in the economic idea of rational expectations.
It's not so much rational expectations, which I think was an important advance.
This is where the theory of rational expectations emerges once again.
Studies using those that do exist provide little support for the rational expectations hypothesis.
It is at this point that the rational expectations model becomes more controversial.
In this chapter we have considered alternative tests of rational expectations.
While these steps are only a beginning to go beyond rational expectations in economics, they seem promising.
The rational expectations hypothesis by itself is a technical device.
Under rational expectations, agents are assumed to be more sophisticated.
"They don't play tricks, and do a good job of setting rational expectations for their funds," he said.
What do you see about the world that invalidates the theory of rational expectations?
I think the rational expectations guys made incredibly valuable contributions.
However, rational expectations does not mean that the agents can foresee the future exactly.
Since decisions are made with all relevant information available, it is a rational expectations equilibrium.
Second, rational expectations often introduces restrictions which may be tested against the data.
Another model allows for partisan effects to occur even in the presence of rational expectations.
Rational expectations theory assumes a set of economic agents with beliefs about how the economy is working.
Now although equation (4.29) is derived from a rational expectations model, it does not look like one on the surface.
The rational expectations hypothesis thus places one restriction on the reduced form.
To have captured a Seventh was outside rational expectations.
When attempting to explain market behaviour, the rational expectations hypothesis will be valid in such cases.
The rewarding, if imperfect, production actually at hand is best approached with more rational expectations.
Rational expectations grew, in part, out of an attempt to understand actual trading on stock exchanges.