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You are basically saying the same thing. Behavioural economics, in particular, says that expectations are not always rational. To be more precise, just becaus
by pwagland 6y ago
You are basically saying the same thing. Behavioural economics, in particular, says that expectations are not always rational.
To be more precise, just because people expect that things will improve doesn't mean that they will. However expectations do drive behaviour, whether those expectations are rational or not.