What are the three types of expectations?

Answered by Frank Schwing

When it comes to expectations, there are several types that we can identify. These expectations can vary in their nature and impact on our lives. In this answer, I will discuss three types of expectations: conditional expectations, rational expectations, and set expectations.

1. Conditional Expectations:
Conditional expectations are based on a specific condition or circumstance. They are often contingent on certain factors or actions. For example, if you have a job interview, you may have the expectation of getting the job if you perform well during the interview. In this case, your expectation is conditional on your performance.

Conditional expectations can be both positive and negative. If you have been consistently performing well at work, you may expect a promotion or a raise. On the other hand, if you have been slacking off and not meeting your targets, you may expect negative consequences such as a warning or even losing your job. These expectations are based on the condition of your performance.

2. Rational Expectations:
Rational expectations are based on logical reasoning and a realistic assessment of the situation. These expectations take into account past experiences, available information, and a rational analysis of the circumstances. For example, if you have a flight to catch, you would expect to arrive at the airport a few hours before the departure time to go through security checks and other formalities. This expectation is based on your understanding of how airports operate and the need for timely arrival.

Rational expectations are often grounded in facts and evidence. They are not influenced by emotions or wishful thinking. Rational expectations help us make informed decisions and navigate through various situations. They are essential for effective planning and decision-making.

3. Set Expectations:
Set expectations are those that are predetermined or established by external factors or societal norms. These expectations are often ingrained in us from a young age and can come from sources such as family, culture, or society. For example, there may be set expectations regarding academic achievements, career choices, or relationship milestones.

Set expectations can exert significant influence on individuals, shaping their goals, aspirations, and behavior. They can create pressure and lead to conformity or rebellion, depending on how individuals perceive and respond to them. It is important to critically evaluate set expectations and align them with our own values and aspirations.

It is worth noting that expectations can also be unrealistic or adaptive in nature. Unrealistic expectations are those that are too high or unrealistic in terms of what is achievable. These expectations can lead to disappointment and frustration if they are not met. On the other hand, adaptive expectations are flexible and responsive to changing circumstances. They allow for adjustment and adaptation based on new information or experiences.

There are various types of expectations that we encounter in our lives. Conditional expectations are based on specific conditions or circumstances, rational expectations are grounded in logical reasoning, and set expectations are predetermined by external factors. Understanding these different types of expectations can help us navigate through life and make more informed decisions.