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The expectations hypothesis of the term structure of interest rates (whose graphical representation is known as the yield curve) is the proposition that the long-term rate is determined purely by current and future expected short-term rates, in such a way that the expected final value of wealth from investing in a sequence of short-term bonds equals the final value of wealth from investing in ...
"Horizon of expectation" (German: Erwartungshorizont) is a term fundamental to German academic Hans Robert Jauss's reception theory.The concept is a component of his theory of literary history where his intention is to minimise the gulf between the schools of literature and history which have previously relegated the reader to play only a minor role in the interpretation of literature. [1]
One approach to affine term structure modeling is to enforce an arbitrage-free condition on the proposed model. In a series of papers, [2] [3] [4] a proposed dynamic yield curve model was developed using an arbitrage-free version of the famous Nelson-Siegel model, [5] which the authors label AFNS. To derive the AFNS model, the authors make ...
The companion book to the series (co-authored by Milton and his wife, Rose Friedman), also titled Free To Choose, was the bestselling nonfiction book of 1980. [ 82 ] Friedman served as an unofficial adviser to Ronald Reagan during his 1980 presidential campaign , and then served on the President's Economic Policy Advisory Board for the rest of ...
The policy-ineffectiveness proposition (PIP) is a new classical theory proposed in 1975 by Thomas J. Sargent and Neil Wallace based upon the theory of rational expectations, which posits that monetary policy cannot systematically manage the levels of output and employment in the economy.
Expectancy violations theory (EVT) is a theory of communication that analyzes how individuals respond to unanticipated violations of social norms and expectations. [1] The theory was proposed by Judee K. Burgoon in the late 1970s and continued through the 1980s and 1990s as "nonverbal expectancy violations theory", based on Burgoon's research studying proxemics.
In universal algebra and mathematical logic, a term algebra is a freely generated algebraic structure over a given signature. [ 1 ] [ 2 ] For example, in a signature consisting of a single binary operation , the term algebra over a set X of variables is exactly the free magma generated by X .
A graphical representation of a Design Process using C-K Design Theory. C-K design theory or concept-knowledge theory is both a design theory and a theory of reasoning in design. It defines design reasoning as a logic of expansion processes, i.e. a logic that organizes the generation of unknown objects.