Dale T. Mortensen quote

As the future is never known with certainty, the evaluation of the prospective benefits requires the formation of expectations. An acceptable house, partner or job, then, is one that offers an expected stream of future benefit that has a value in excess of the option to continue to search for an even better alternative.
Dale T. Mortensen

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Wage Dispersion: Why Are Similar Workers Paid Differently? (Zeuthen Lectures) by Dale T. Mortensen (2003-09-01)
Wage Dispersion: Why Are Similar Workers Paid Differently? (Zeuthen Lectures) by Dale T. Mortensen (2003-09-01)
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