See Also: Rational expectations(money)
Rational expectations(finance)
rational(1)(dictionary)
rational(2)(dictionary)
rational(3)(dictionary)
rational(medicine)
rational(dictionary)
rational formula(medicine)
rational surface(medicine)
rational therapy(medicine)

Rational expectations (money)


Definition: [crh] The idea that people rationally anticipate the future and respond today to what they see ahead. This concept was pioneered by Nobel Laureate, Robert E. Lucas, Jr.