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Rational Expectations.

Publication: Qualified Remodeler
Publication Date: 01-APR-09
Format: Online
Delivery: Immediate Online Access
Full Article Title: Rational Expectations.(Editorial)

Article Excerpt
Rational Expectations

By Patrick L. O'Toole

About 20 years ago in an 8 a.m. economics class in Oxford, Ohio, a teacher on loan from the University of Chicago pitched the concept of rational expectations to a group of less than eager students. By less than eager, I mean to say that it was too early in the day for college students to be fully awake and the topic was not anticipated to be very stimulating. And yet of the handful of individual lectures I still remember, this one was right up there at the...

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