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

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

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