Must-Read: Colin Camerer: On “Rational Expectations” and John Muth: “Rational expectations pioneer John Muth in 1984… …”really incredible” so little attention paid to cognitive limits #behavioraleconomics <https://t.co/xiy2iu069K>: He had got hold of the data from five business firms, including expectations data, analyzed it, and found that the rational expectations model did not pass the empirical … Continue reading Must-Read: Colin Camerer: On “Rational Expectations” and John Muth