Concept

Rational expectations

Related publications (34)

Breaking Blockchain Rationality with Out-of-Band Collusion

Bryan Alexander Ford, Verónica del Carmen Estrada Galiñanes, Louis-Henri Manuel Jakob Merino, Haoqian Zhang, Mahsa Bastankhah

Blockchain systems often rely on rationality assumptions for their security, expecting that nodes are motivated to maximize their profits. These systems thus design their protocols to incentivize nodes to execute the honest protocol but fail to consider ou ...

Cham2024

Survey experiments on economic expectations

Andreas Fuster

In this chapter, we discuss field experiments in surveys that are conducted with the purpose of learning about expectation formation and the link between expectations and behavior. We begin by reviewing the rationale for conducting experiments within surve ...

Academic Press2023

Gradient-based optimisation of the conditional-value-at-risk using the multi-level Monte Carlo method

Fabio Nobile, Sundar Subramaniam Ganesh

In this work, we tackle the problem of minimising the Conditional-Value-at-Risk (CVaR) of output quantities of complex differential models with random input data, using gradient-based approaches in combination with the Multi-Level Monte Carlo (MLMC) method ...

2022

Essays in Monetary Policy and Asset Pricing

Benoit Vincent Sylvain Cornet

This thesis uses machine learning techniques and text data to investigate the relationships that arise between the Fed and financial markets, and their consequences for asset prices.The first chapter, entitled Market Expectations and the Impact of Unconven ...

EPFL2022

Peer-Prediction in the Presence of Outcome Dependent Lying Incentives

Boi Faltings, Naman Goel, Aris Filos Ratsikas

We derive conditions under which a peer-consistency mechanism can be used to elicit truthful data from non-trusted rational agents when an aggregate statistic of the collected data affects the amount of their incentives to lie. Furthermore, we discuss the ...

2022

The Future of Civic Technologies for the Involvement of Citizens in Urban Planning: 3D Urban Participatory e-Planning in the Spotlight

Thibaud Nicolas Chassin

The development of sustainable urban projects is crucial to address the challenges of the growing population living in cities. Facing complex decision-making and increasing expectations from inhabitants, local institutions are gradually becoming open to co ...

EPFL2022

Large variation in anti-SARS-CoV-2 antibody prevalence among essential workers in Geneva, Switzerland

Didier Trono, Idris Guessous, Francisco Javier Perez Saez, Francesco Pennacchio, Maria Eugenia Zaballa

Limited data exist on SARS-CoV-2 infection rates across sectors and occupations, hindering our ability to make rational policy, including vaccination prioritization, to protect workers and limit SARS-CoV-2 spread. Here, we present results from our SEROCoV- ...

NATURE RESEARCH2021

Two coupled chains are simpler than one: field-induced chirality in a frustrated spin ladder

Joël Mesot, Shuang Wang

Although the frustrated (zigzag) spin chain is the Drosophila of frustrated magnetism, our understanding of a pair of coupled zigzag chains (frustrated spin ladder) in a magnetic field is still lacking. We address this problem through nuclear magnetic reso ...

2020

Job turnover, expectations, and the Phillips Curve

Charles Cosme Henri Dennery

Job turnover makes a wage Phillips Curve less forward-looking, with a smaller coefficient for inflation expectations. Workers discount future wage income with a low discount factor if there is a strong flow of job turnover; this implies that future inflati ...

2019

Die multiplen Rechenschaftspflichten von öffentlichen Unternehmen gegenüber dem Staat - Eine empirische Typologie der Entstehung und des Managements inkohärenter Erwartungen

Fabian Liechti

State-owned enterprises (SOEs) provide important services such as power supply, postal services and public transportation. In doing this, SOEs operate at the intersection of political/regulatory and economic expectations. Therefore, SOEs are commonly consi ...

EPFL2019

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