Quote

The first and most optimistic response was complete rational expectations econometrics. A rational expectations equilibrium is a likelihood function. Maximize it.

Thomas J. Sargent

Change background

T
T
T

Change font

TAGS & TOPICS

Thomas J. Sargent
Age: 81
Born: 1943
Born: July 19
Economist
Professor
University Teacher
Pasadena
California
Thomas John Tom Sargent
Thomas John Sargent
Expectations
Response
Econometrics
Function
Maximize
Firsts
Likelihood
First
Equilibrium
Optimistic
Rational
Complete

More quotes by Thomas J. Sargent

Image
Keynes was a very good economist. He was brilliant. He had wonderful insights. His work has inspired me many times.
Thomas J. Sargent
Image
I wasn't the brightest kid, not by a long shot. I was interested in football, in girls, in getting my work done with the least amount of effort.
Thomas J. Sargent
Image
What I really don't like is oversimplification.
Thomas J. Sargent
Image
There was a danger that skeptics and opponents would misread those likelihood ratio tests as rejections of an entire class of models, which of course they were not.
Thomas J. Sargent
Image
I'm happy to say I am a Harrison-Kreps-Keynesian.
Thomas J. Sargent