The validity of the rational expectations hypothesis is explored using 12 years direct individual expectations data derived from the BHPS. The usage of micro data drives off the possibility of spurious rejections caused by the existence of micro-heterogeneity. And the 12 years BHPS micro panel...

Background: Over four millions people in England are estimated to have a CVD and they are responsible for over one third of deaths and a fifth of hospital admissions in England every year. In prioritising the reduction of premature mortality there has been a focus on improving prevention and...