Rational Expectations Theory

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

    What is rational is actual and what is actual is rational. On this conviction the plain man like the philosopher takes his stand, and from it philosophy starts in its study of the universe of mind as well as the universe of nature.
    Georg Wilhelm Friedrich Hegel (1770–1831)

    Disappointment proves that expectations were mistaken.
    Mason Cooley (b. 1927)

    Don’t confuse hypothesis and theory. The former is a possible explanation; the latter, the correct one. The establishment of theory is the very purpose of science.
    Martin H. Fischer (1879–1962)