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asset prices

asset prices  

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The prices of assets, including land and buildings, productive equipment, and securities. As assets can be sold again, their present prices are strongly influenced by expectations about their future ...
rational expectations

rational expectations  

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The macroenomic theory, developed since the 1960s by John F. Muth and others, that economic transactors make unbiased forecasts on the basis of all the information available. This means that although ...
self-fulfilling prophecy

self-fulfilling prophecy  

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A concept introduced into sociology by Robert Merton (see his Social Theory and Social Structure, 1957), and allied to William Isaac Thomas's earlier and famous theorem that ‘when people define ...
time horizon

time horizon  

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The most remote future period taken into account in making economic decisions, such as investment. While in principle expectations about conditions in all future periods could affect present ...

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