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Exact(2)
This is the opposite of the process described in textbooks and built into economic models, which always assume that financial expectations adapt to reality, not the other way round.
Intuitively, if an agent expects the exchange rate to be higher than what is observed ex-post, then she will "correct" her new forecast by lessening her expectation of the next period's exchange rate change (expectations adapt to new changes given past mistakes).
Similar(58)
But Cave fans understand that following such a mercurial and curious artist dictates adjusting expectations, adapting to new scenarios and, most important, listening closely.
Like Joe's sister, many relatives were used to encouraging their relative to be active and now increasingly had to let go of these expectations, adapting to what was still possible.
Baby foods represent a family of products meeting parents' expectations and adapted to infants and young children.
But when it's done well, it is an act of creativity between everyone involved.' When it works Great Expectations (1946) Adapted by Anthony Havelock-Allan, directed by David Lean.
To this point, jet fighters had been designed primarily for air-to-air combat, while older aircraft and designs falling short of expectations were adapted to ground attack and reconnaissance.
It is the expectation that adapting smart home automation (SHA) would lead to reduced electricity usage in the household and overall environmental advantages.
They have the capacity to learn new skills related to their job and to adapt their expectations about their work environment according to their experience (they know what to expect and have lower expectations, a protective mechanism that leads to higher levels of emotional exhaustion).
And people don't adapt their expectations to new circumstances.
We'll be content if we adapt our expectations to the new reality".
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com