4 Dale T. Mortensen Quotes for You to Enjoy

Dale T. Mortensen

American Economist

Born: Feb 2, 1939

Died: Jan 9, 2014

Economics Great Important Job Science Technology

Related authors: Alan Greenspan Herbert A. Simon John Kenneth Galbraith Milton Friedman Paul A. Volcker Richard Thaler Robert Reich Thomas Sowell

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

Future Stream Benefits Better Job Value Partner Benefit Excess Never Prospective House Known Alternative Acceptable Continue Offers Option Expectations Expected Formation Then Requires Certainty Evaluation Search Even

Economics is a strange science. Our subject deals with some of the most important as well as mundane issues that impinge on the human condition. Dale T. Mortensen

Science Strange Economics Important Our Some Impinge Most Well Deals Issues Condition Subject Human The Most Important Human Condition Mundane

In response to the drop in wealth suffered as a consequence of the 2008 financial crisis, homeowners and firms did attempt to increase savings in financial assets by reducing expenditure on durables. Dale T. Mortensen

Financial Wealth Drop Increase Savings Financial Crisis Crisis Response Attempt Reducing Did Expenditure Suffered Assets Consequence

The 1970s was the decade of developments in the new area of information economics. Search theory, which emphasized the need to gather information, was joined by models that featured asymmetric information, the case in which information differed across individual agents. Dale T. Mortensen

Economics Case Area Featured Joined Individual Emphasized Developments New Decade Models Information Which Agents Across Theory Search Need Gather

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