Printer Friendly
Dictionary, Encyclopedia and Thesaurus - The Free Dictionary
1,780,748,466 visitors served.
forum mailing list For webmasters
?
New: Language forums
Dictionary/
thesaurus
Medical
dictionary
Legal
dictionary
Financial
dictionary
Acronyms
 
Idioms
Encyclopedia
Wikipedia
encyclopedia
?

Rational expectations
(redirected from Individually rational)

    Also found in: Wikipedia 0.02 sec.
Rational expectations
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.


How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content.
?Page tools
Printer friendly
Cite / link
Email
Feedback
Add definition
? Mentioned in ? References in periodicals archive
 
Thus, individually rational interior mergers will be inefficient but will always benefit rivals.
Spatial Price Discrimination and Merger: The N-Firm Case by Rothschild, R. / Southern Economic Journal
Health care consumers face a moral hazard (prisoners' dilemma) problem in which it is individually rational to behave in ways that are collectively irrational.
Patient Power: Solving America's Health Care Crisis by Lee, Dwight R. / Southern Economic Journal
More results
 
Financial browser? ? Full browser
 
 
Financial Dictionary
?

Disclaimer | Privacy policy | Feedback | Copyright © 2009 Farlex, Inc.
All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional. Terms of Use.