Question
Risk, uncertainty and expectations Use your own knowledge and further research to answer the following questions. (a) Is Keynes' treatment of expectations consistent with the
Risk, uncertainty and expectations
Use your own knowledge and further research to answer the following questions.
(a) Is Keynes' treatment of expectations consistent with the rational expectations hypothesis?
(b) What is meant by agents making 'systematic errors' under adaptive expectations?
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The Economics Of The Environment
Authors: Peter Berck, Gloria Helfand
1st Edition
978-0321321664, 0321321669
