What Do You Know? Rational Expectations and Information Technology Investment.

• Main Authors: Au, Y., KAUFFMAN, Robert John
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2003
• Subjects: adaptive learning; business value; herd behavior; informational cascades; information technology investments; rational expectations hypothesis; technology adoption; Management Information Systems
• Online Access: https://ink.library.smu.edu.sg/sis_research/2772
• Institution: Singapore Management University

This study examines the potential applications of the rational expectations hypothesis (REH) and adaptive learning theory in IT investment and adoption decision-making. Despite the fact that rationality is commonly assumed in economic analyses, the REH's assumptions make it a unique theory and...