Go to MSN Homeencarta®
Dictionary
Find
in
Dictionary
Thesaurus
Translations
ABCDEFGHIJKLMNOPQRSTUVWXYZ
Click to move up the list of words
ratio
ratio scale
ratiocinate
ration
ration out
rational
rational choice theory
rational-emotive behavior therapy
rational expectation
rational horizon
rational number
rationale
rationalisation
rationalise
rationalism
rationality
rationalization
Click to move down the list of words
Also available:

World English Dictionary
Dictionnaire Français

rational expectation
ra·tion·al ex·pec·ta·tion


noun 
Definition:
 
expectation of rationality in economic agents: the view that economic agents predict future events by using all available information, and do not make mistakes
Encarta® World English Dictionary [North American Edition] © & (P)2009 Microsoft Corporation. All rights reserved. Developed for Microsoft by Bloomsbury Publishing Plc.
Advertisement
© 2009 Microsoft