Adaptive expectations (适应性预期 shì yìng xìng yù qī) is an economic theory that assumes that people will form their expectations about the future according to recent past events, experience, and data. Also see: rational expectations.
Part 1: Breakdown of Words
- “Adaptive” (适应性 shì yìng xìng) as in “adaptive design” (适应性设计 shì yìng xìng shè jì), or “adaptive immunity” (适应性免疫 shì yìng xìng miǎn yì).
- “Expectation” (预期 yù qī) as in “life expectancy” (预期寿命 yù qí shòu mìng), “expected return” (预期收益 yù qí shōu yì), or “expected salary” (预期薪水 yù qí xīn shuǐ).
Part 2: Examples
- Adaptive expectations theory (适应性预期理论 shì yìng xìng yù qí lǐ lùn).
- Adaptive expectations hypothesis (适应性预期假设 shì yìng xìng yù qí jiǎ shè).