The Major Criticism of the View That Expectations Are Formed

question 31

Multiple Choice

The major criticism of the view that expectations are formed adaptively is that

• A)this view ignores that people use more information than just past data to form their expectations.
• B)it is easier to model adaptive expectations than it is to model rational expectations.
• C)adaptive expectations models have no predictive power.
• D)people are irrational and therefore never learn from past mistakes.

---

Definitions:

Identity Formation

The process of developing a distinct personality or self-concept, influenced by social, cultural, and psychological factors, typically occurring during adolescence.

Self-examination

The reflective process of introspectively reviewing one's thoughts, feelings, and actions, typically for purposes of personal learning or moral consideration.

Identity Crisis

describes a period of uncertainty and confusion in which a person's sense of identity becomes insecure, typically due to a change in their expected aims or role in society.

Gender-role Awareness

Gender-role Awareness is the realization and understanding of societal expectations and behaviors associated with one's gender.