Rational Expectations Theory

Famous quotes containing the words rational, expectations and/or theory:

“I have always been a friend to hero-worship; it is the only rational one, and has always been in use amongst civilized people—the worship of spirits is synonymous with barbarism—it is mere fetish.... There is something philosophic in the worship of the heroes of the human race.”
—George Borrow (1803–1881)

“Make the expectations lively enough, and action will follow.”
—Mason Cooley (b. 1927)

“Freud was a hero. He descended to the “Underworld” and met there stark terrors. He carried with him his theory as a Medusa’s head which turned these terrors to stone.”
—R.D. (Ronald David)