Government Actuary's Department and Rational expectations: Difference between pages
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A concept implying that the market forms expectations in a way that is consistent with the actual economic structure of the market. | |||
The prices that result in the market place represent an average of all investors' expectations. | |||
== See also == | == See also == | ||
* [[ | * [[Expectations theory]] | ||
Revision as of 15:28, 20 August 2013
A concept implying that the market forms expectations in a way that is consistent with the actual economic structure of the market.
The prices that result in the market place represent an average of all investors' expectations.
