@venerable_bede To an extent regulatory law and practice constrain discretion, but otherwise a pretty clear case of the“big players” problem. https://t.co/uCDuZoJV6Y
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@Roger_Koppl Me too, great man. Also this: Big Players and the Economic Theory of Expectations https://t.co/gbAcjLpt9d
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Relevant literature is "Big Players and the Economic Theory of Expectations" by Roger Koppl: "Investment and all other economic actions depend on 'subjective' expectations. The problem is how to construct a theory of expectations [...]." https://t.co/fyl
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Big Players and the Economic Theory of Expectations by Roger Koppl https://t.co/WvtyNpPtBx