Yeong, Nicky; Ho, Chong Mun; Dollery, Brian; Kogid, Mori - In: Applied Economics Letters 17 (2010) 18, pp. 1835-1839
The rational expectations model has been the central expectations hypothesis used by economists while the adaptive expectations hypothesis has been considered by many as inefficient because expectations cannot fully exploit all available information. The aim of this study is to determine which...