What is the concept of rational expectations?

Neoclassical economists argue that behavioral biases cannot survive in competitive markets and question the relevance of behavioral insights for economic policy ... The Solow neoclassical model of economic growth, synchronized with LW, gives the opportunity to forecast economic dynamics of technologically advanced countries ... ... neoclassical economics. Akerlof spent time at the London School of Economics ... The Laureates' contributions form the core of modern information economics. Jul 20, 2006 ... In short, the economics benchmark statement seemingly enshrines neoclassical economic theory as the only economic theory to teach ... Jul 2, 2008 ... major element of standard neoclassical economics‖ (1992, p. ... Other Theorems of Institutional Economics,' Journal of Labor Research, 29. (Spring) ... Informational Directory for Heterodox Economists ... Keynesian economics, institutional economics, economic history, and mainstream neoclassical economics. In this paper we apply the standard neoclassical economic framework to generate predictions about how rational agents would answer such survey questions. May 18, 2016 ... An neoclassical economy. There is a continuum of “farmers”, which ... Vives (2005): “Informational and Economic Efficiency in REE with Asymmetric. May 9, 2018 ... ... information sharing strategies of individual economic agents brings two scientific paradigms of economics, neoclassical economics and. normative than the neoclassical economics assumptions of rational economic agents and ... research as neoclassical because such a broad definition of ...