Online Location, Online
April 24, 2023, 12:00 PM to 02:30 PM
This dissertation centers around issues of expectations theory and how expectations may serve as informal and formal constraints in the decision-making process. I examine three key points: the Big Lick phenomena in the Tennessee Walking Horse show world, Lachmannian expectations concerning adversities facing minority populations, and a more theoretical and abstract approach to expectations with the role animal spirits play in the marketplace. This dissertation finds that, whether informal or formal, expectations play a critical role in an acting agent's decision matrix, both in private and public market arrangements.