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General Debate

Cars Hommes – How Expectations Interact to Create Bubbles

How do economists make their models work. By assuming that investors have rational expectations and that every market participant is alike. However, things quickly get [...]

Roger Guesnerie – The Next Economic Frontier and the Wild World of Non-Rational Expectations

Roger Guesnerie leads the charge in this effort to scrutinize the rational expectations hypothesis from diverse angles and propose more realistic alternatives. He is building [...]