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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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"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
"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
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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
"Expectation wasn't just about what people expected of you. It was about what you expected of yourself."
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Personal Development
"Expectations create and shape reality."
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Personal Development
"Long ago, before I had ever seen a diamond, I read about them and I tried to imagine what they would be like ... When I saw a real diamond in a lady's ring one day I was so disappointed I cried. Of course, it was very lovely but it wasn't my idea of a diamond."
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Personal Development
"Some people won't go the extra mile, and then on their birthday, when no one makes a fuss, they feel neglected and bitter."
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Personal Development
"Whatever you search for will either meet you halfway or wait for you."
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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
"I myself have never been enchanted by the dream of the white wedding, and, heaven help us, the expectation that this exquisitely catered event should be 'the happiest moment' of one's life."
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Personal Development
"American women expect to find in their husbands a perfection that English women only hope to find in their butlers."
Author Name
Personal Development
"The problem with many people is that they would plant a pear tree and expect it to bear some mango fruit."
Author Name
Personal Development
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