Rational expectations is a hypothesis in economics which states that agents` predictions of the future value of economically relevant variables are not systematically wrong in that all errors are random. Equivalently, this is to say that agents` expectations equal true statistical expected values. An alternative formulation is that rational expe.....
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http://en.wikipedia.org/wiki/Rational_expectations
In forming opinion about future events, the use of all available information to assess the probabilities of the possible states of the world. More simply, expectations that are as correct as is possible with available information.
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http://www-personal.umich.edu/~alandear/glossary/r.html
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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http://www.duke.edu/~charvey/Classes/wpg/bfglosr.htm
An assumption in a model: that the agent under study uses a forecasting mechanism that is as good as is possible given the stochastic processes and information available to the agent. Often in essence the rational expectations assumption is that the agent knows the model, and fails to make absolutely correct forecasts only because of the inherent r...
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http://www.econterms.com/glossary.cgi?query=rational+expectations
The idea that people rationally anticipate the future and respond to what they see ahead.
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http://www.encyclo.co.uk/local/20047
The view that economic agents predict future events in a rational way, taking into account the outcome of past policies.
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http://www.encyclo.co.uk/local/20140
The idea that people rationally anticipate the future and respond today to what they see ahead. This
Found on
http://www.encyclo.co.uk/local/22402
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