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"The first and most optimistic response was complete rational expectations econometrics. A rational expectations equilibrium is a likelihood function. Maximize it."
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"She never wants to get to the point where she looks forward to hearing from someone. Once you look forward to something, you're inevitably let down and nothing can stay the same so she'd rather expect nothing at all and just be surprised that she was thought of at all."
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Personal Development
"We tend to live up to our expectations."
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Personal Development
"Expectation creates the reality."
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Personal Development
"Expect nothing but be ready for everything."
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Personal Development
"Long after Salinger sent me away, I continued to believe his standards and expectations were the best ones."
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Personal Development
"In more ways than any of us can name, love is wrapped up with the idea of expectation."
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Personal Development
"There's an expectation these days that novels - like any other consumer product - should be made on a production line, with one dropping from the conveyor belt every couple of years."
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Personal Development
"That's the thing about being the product of happily marries parents, You grow up thinking the fairy tale is real, and more than that, you think you're entitled to live it. So far, though, it wasn't working out as planned."
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Personal Development
"They flooded liquidity in the marketplace but the mortgage rate is based much more on expectations of inflation. So if the average investor believes that there is inflation coming, they'll move that rate up."
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Personal Development
"Everyone wants everyone to be perfect for them, but they don't want themselves to be perfect for others..."
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"In the 1980s, there were occasions when it made sense to say, 'it is too difficult to maximize the likelihood function, and besides if we do, it will blow our model out of the water.'"
Personal Development
"Lucas attended a conference on rational expectations at the University of Minnesota in the spring of 1973. The day after the conference, I received a call from Pittsburgh."
Personal Development
"The first and most optimistic response was complete rational expectations econometrics. A rational expectations equilibrium is a likelihood function. Maximize it."
Personal Development
"There was a danger that skeptics and opponents would misread those likelihood ratio tests as rejections of an entire class of models, which of course they were not."
Personal Development
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