Louis Fed comes to mind, as does rational expectations at the Minneapolis Fed.

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You know, graduates, that efficient financial markets are sort of a special case of what some economists call rational expectations.

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Rational expectations theory therefore implies that repeated counter-cyclical policies will be anticipated and are unlikely to affect real GDP or unemployment.

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Theorizing was lacking about market efficiency and rational expectations, which together would lead to stability and the optimal allocation of resources.

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Whereas Robert Lucas (Nobel Prize 1995) provided the theoretical foundations of rational expectations theory, Thomas Sargent tested rational expectations against real-world data.

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An aside on the theory of rational expectations, for instance, shows that he has not bothered to check an elementary textbook on the subject.

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The basic policy conclusion of the rational expectations hypothesis is that counter-cyclical monetary and fiscal policies affect real GDP and unemployment only if they are unanticipated.

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Rational expectations theory came up with an explanation of stagflation.

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But Jeter has made a career of defying the expectations of rational people, and telling anyone who questions him that he's not going to fail.

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Further, that these expectations are based on rational thought about that future.

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And the brands that can meet or even exceed their expectations win a loyalty that exceeds anything remotely rational.

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It is not just the rational features and benefits of the product being communicated by the advertising that drives price expectations.

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