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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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"I am often guilty of expecting the worst so as to avoid disappointment and welcome surprise."
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Personal Development
"Expectations create and shape reality."
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Personal Development
"When we set expectations and nourish them with appreciation, we will get better results."
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Personal Development
"The undertone of miracle focused gospel is that people will want to get something from nothing."
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Personal Development
"Expectation creates the reality."
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Personal Development
"Weren't you alwaysdistracted by expectation, as if every eventannounced a beloved? (Where can you find a placeto keep her, with all the huge strange thoughts inside yougoing and coming and often staying all night.)"
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Personal Development
"Expect nothing but be ready for everything."
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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
"We call bad one who rejects the fruit he is given for the fruit he is expecting or the fruit he was given last time."
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Personal Development
"Not the action, but the expectation creates results."
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Personal Development
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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.'"
Sense
"The first and most optimistic response was complete rational expectations econometrics. A rational expectations equilibrium is a likelihood function. Maximize it."
Expectation
"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."
Media
"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."
Media
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