The formation of conventional expectations under strong uncertainty: a comment
AbstractPurpose – This paper comments on Theodore Koutsobinas's recent contribution to the debate on the formation of expectations in situations of strong uncertainty. Design/methodology/approach – The set of comments focuses not on doctrinal-historical issues, but on Koutsobinas's theoretical framework, which is, in turn, a modified version of the analytical scheme of the state of expectations presented in the present author's 1999 article in the Journal of Post Keynesian Economics. Findings – The paper demonstrates that the original framework developed in the 1999 “Expectations and confidence” article is general enough to accommodate Koutsobinas's concern with conventional expectations. It also shows that some ways of using that framework to discuss conventions have already been explored in subsequent work. The interesting points made by Professor Koutsobinas can thus be investigated with the original framework, without the changes he suggests. Originality/value – The paper clarifies some elements of the theory of expectations and confidence formation and its use to study conventional and unconventional behaviour.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Bibliographic InfoArticle provided by Emerald Group Publishing in its journal International Journal of Social Economics.
Volume (Year): 32 (2005)
Issue (Month): 12 (December)
Contact details of provider:
Web page: http://www.emeraldinsight.com
Postal: Emerald Group Publishing, Howard House, Wagon Lane, Bingley, BD16 1WA, UK
You can help add them by filling out this form.
reading list or among the top items on IDEAS.Access and download statisticsgeneral information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Virginia Chapman).
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.