We saw in §2.7 that for Husserl the specious present (or in his terminology, the 'original temporal field' or 'living present') is a tripartite episode of experiencing consisting of three ingredients: momentary primal impressions, a continuum of retentions (or 'primary memories'), and forward looking protentions (a distinctive kind of expectation).
forward looking baseline.
Markets are forward looking.
By applying this backward-looking perspective to forward-looking expectations, investors tend to overestimate positive signals and push prices of winners beyond their intrinsic values.
Today, no self-respecting economist would dispute the fact that forward-looking expectations matter a lot and that the actions of policymakers help to shape them.
Although there are generally nonoptimal equilibria under such a policy, these are not stable because people adjust their location decisions with forward-looking expectations.
Joanna Simpkins plays Jinny with a winsome energy as we follow her through this potentially life-changing day via hopes, fears, disappointments, reassurances and one violent outburst towards its conclusion: looking forward in expectation.
There is also some softening of expectations, looking forward to the next three months, over concerns about the outlook for the UK economy in the face of swingeing government spending cuts, as well as risks in the global economy.
The company reported quarterly results that beat diminished forecasts but trimmed expectations looking forward, citing a slowing economy and lower orders.
But going forward, it looks like the company's expectations for the fourth quarter came in lower than what Wall Street hoped.
"It's a career goal of mine to win all four majors," said the 43-year-old world number 11. "The expectations of looking forward to this event and how much it would mean to me, makes it a challenge".
