Question: An expectation may fail to be rational if Gormation changes after the forecast is made. nelesant informution was not available at the time the forecast
An expectation may fail to be rational if
Gormation changes after the forecast is made.
nelesant informution was not available at the time the forecast is made.
formation was available to insiders only.
releast informution is available but ignored at the time the forecast is made.
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