Rational Expectations Theory

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

“It is not to be forgotten that what we call rational grounds for our beliefs are often extremely irrational attempts to justify our instincts.”
—Thomas Henry Huxley (1825–95)

“It’s important to remember that feminism is no longer a group of organizations or leaders. It’s the expectations that parents have for their daughters, and their sons, too. It’s the way we talk about and treat one another. It’s who makes the money and who makes the compromises and who makes the dinner. It’s a state of mind. It’s the way we live now.”
—Anna Quindlen (20th century)

“Won’t this whole instinct matter bear revision?
Won’t almost any theory bear revision?
To err is human, not to, animal.”
—Robert Frost (1874–1963)