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Rational behavior and rational expectations

Journal of Economic Theory, 1990
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Rational Choice and Rational Expectations

2017
The theory of rational choice assumes that when people make decisions they do so in order to maximize their utility. In order to achieve this goal they ought to use all the information available and consider all the options available to select an optimal choice.
Tshilidzi Marwala, Evan Hurwitz
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Rational Learning and Rational Expectations

1987
Much recent work in the economics of information has stemmed from the observation that demand functions, and therefore prices, reflect agents’ private information. Given an adequate understanding of the relationship between private information and equilibrium prices, it is possible to infer some or all of the private information.
Margaret Bray, David M. Kreps
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Rational Expectations

The Canadian Journal of Economics, 1984
Michael Carter, Rodney Maddock
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Rational Expectations: Econometric Implications

1987
It has long been recognized that forecasts affect outcomes. Similarly, outcomes affect expectations. Thus, there is a mapping from expectations to outcomes and back to expectations and so from expectations to expectations. A rational expectations equilibrium is a fixed point of this mapping in which expectations generate outcomes which confirm the ...
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Disequilibrium rational expectations

Economics Letters, 1981
Abstract In this paper, we present a simple dynamic general disequilibrium model which generates both unemployment and inflation as a stationary long-run equilibrium. Rational expectations (in the mean) are an essential part of this equilibrium. Policy remedies are examined.
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Rational expectations

Journal of Macroeconomics, 1985
Kenneth Rogoff, Steven M. Sheffrin
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Rethinking Rational Expectations

1990
The rational expectations hypothesis, as it is currently employed, assumes that equilibrium expectations are the end product of an unspecified dynamic process—a learning scheme—whereby agents accumulate information. However, in models where learning is specified explicitly, a number of difficult and unsolved problems remain.
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Rational expectation

2021
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Managing Macroeconomic Neoliberalism: Capital and the Resilience of the Rational Expectations Assumption since the Great Recession

New Political Economy, 2021
Oddný Helgadóttir, Cornel Ban
exaly