Rational expectations and ambiguity

Thomas J. Sargent

    Research output: Contribution to journalReview articlepeer-review


    On 20 May 2013 at the 66th CFA Institute Annual Conference in Singapore, Thomas J. Sargent discussed his research on rational expectations and macroeconomics. He examined the probability distribution function of potential future outcomes in terms of ambiguity aversion and discussed market equilibrium under ambiguity aversion. He also considered whether swings in the market represent changes in the degree of ambiguity and, if so, whether those states can be predicted.

    Original languageEnglish (US)
    Pages (from-to)14-19
    Number of pages6
    JournalFinancial Analysts Journal
    Issue number2
    StatePublished - 2014

    ASJC Scopus subject areas

    • Accounting
    • Finance
    • Economics and Econometrics


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