Access the full text.
Sign up today, get DeepDyve free for 14 days.
David Dequech (2003)
Conventional and unconventional behavior under uncertaintyJournal of Post Keynesian Economics, 26
Theodore Koutsobinas (2004)
The formation of conventional expectations in Keynesian fundamental uncertaintyInternational Journal of Social Economics, 31
D. Dequech
Confidence and alternative Keynesian methods of determining asset choice
David Dequech (1999)
Expectations and Confidence under UncertaintyJournal of Post Keynesian Economics, 21
David Dequech (2000)
Fundamental Uncertainty and AmbiguityEastern Economic Journal, 26
David Dequech (2005)
Confidence and alternative Keynesian methods of asset choiceReview of Political Economy, 17
David Dequech (2004)
Uncertainty: individuals, institutions and technologyCambridge Journal of Economics, 28
J. Schumpeter, J. Keynes (1936)
The General Theory of Employment, Interest and Money.Journal of the American Statistical Association, 31
Purpose – This paper comments on Theodore Koutsobinas's recent contribution to the debate on the formation of expectations in situations of strong uncertainty. Design/methodology/approach – The set of comments focuses not on doctrinal‐historical issues, but on Koutsobinas's theoretical framework, which is, in turn, a modified version of the analytical scheme of the state of expectations presented in the present author's 1999 article in the Journal of Post Keynesian Economics . Findings – The paper demonstrates that the original framework developed in the 1999 “Expectations and confidence” article is general enough to accommodate Koutsobinas's concern with conventional expectations. It also shows that some ways of using that framework to discuss conventions have already been explored in subsequent work. The interesting points made by Professor Koutsobinas can thus be investigated with the original framework, without the changes he suggests. Originality/value – The paper clarifies some elements of the theory of expectations and confidence formation and its use to study conventional and unconventional behaviour.
International Journal of Social Economics – Emerald Publishing
Published: Dec 1, 2005
Keywords: Behaviour; Expectancy theory
Read and print from thousands of top scholarly journals.
Already have an account? Log in
Bookmark this article. You can see your Bookmarks on your DeepDyve Library.
To save an article, log in first, or sign up for a DeepDyve account if you don’t already have one.
Copy and paste the desired citation format or use the link below to download a file formatted for EndNote
Access the full text.
Sign up today, get DeepDyve free for 14 days.
All DeepDyve websites use cookies to improve your online experience. They were placed on your computer when you launched this website. You can change your cookie settings through your browser.