They worked on rational expectations and showed problems in it.
In that case the rational expectation of the average price level must be P 2.
The series is so emotional there can be few rational expectations.
The law is implicit in the economic idea of rational expectations.
He found that the only period to be consistent with rational expectations was from 1962 to 1969.
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.
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.
"They don't play tricks, and do a good job of setting rational expectations for their funds," he said.