Carla Tardi is a technical editor and digital content producer with 25+ years of experience at top-tier investment banks and money-management firms. The rational expectations theory is a concept and ...

No it is not a guide to proper grammar, and I know perfectly well that a preposition isn't the sort of thing I'm supposed to end a sentence with. The case for assuming rational expectations rests on ...

In this paper we consider how boundedly rational agents learn rational expectations. The assumption that agents are boundedly rational is made operational by imposing computability constraints on the ...

Rational expectations is a basic economic theory that originated with a paper written in 1972 by future Nobel Prize-winning economist Robert Lucas. The theory of rational expectations has been ...

The Journal of Business & Economic Statistics (JBES) has been published quarterly since 1983 by the American Statistical Association. It serves as a unique meeting place for applied economists, ...

The assumption that investors hold rational expectations of market returns is central to many asset pricing models. However, in recent years, surveys of investors have revealed that market ...

Sometimes navigating the financial markets is like attempting to solve a jigsaw, except the image on the box is always shifting. When the future is unknown, how do investors make decisions? The idea ...

A titan in the field of economics, Robert Emerson Lucas Jr (known to his devotees as "Bob") passed away on May 15 in Chicago. He was 85. Bob Lucas was awarded the Nobel Prize in Economics in 1995 for ...