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Glossary > R > "Rational expectations" Definition

Rational expectations

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.

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Rational expectations - 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.

Rational expectations : 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.