| 单词 | adaptive expectations |
| 释义 | > as lemmasadaptive expectations adaptive expectations n. Economics the theory that participants in economic activity forecast the future of a variable primarily with reference to its (esp. recent) past; frequently attributive.In macroeconomics now largely superseded by the theory of rational expectations (cf. rational expectations n. at rational adj. and adv. Compounds). ΚΠ 1958 Econometrica 26 304 Under the assumption that expectations for all future time periods can be represented by one ‘expected’ price, adaptive expectations appear to be a more reasonable formulation than extrapolative expectations. 1992 R. H. Day & T.-Y. Lin in A. Vercelli & N. Dimitri Macroeconomics x. 297 Adaptive expectations, on which the present analysis rests, has played a key role in dynamic modelling ever since Hicks's Value and Capital and was central to much subsequent macroeconometric work. 2010 L. Taylor Maynard's Revenge vi. 236 The adaptive expectations process whereby the expected price level Pe would catch up gradually to changes in the actual level P. < as lemmas |
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