---
title: Rationally Turbulent Expectations Chapter 4: Cumulant Hierarchy
url: https://www.ml-quant.com/papers/ssrn/5196021/
site: ML-Quant (https://www.ml-quant.com)
updated: 2026-09-26
license: Summaries CC BY 4.0; links go to the original sources
index: https://www.ml-quant.com/llms.txt
identifier: SSRN 5196021
source_url: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=5196021
featured: 2025-04-02
citations: 0
topic: Econometrics & Forecasting
---


# Rationally Turbulent Expectations Chapter 4: Cumulant Hierarchy

The book portrays the capital market as a rational learning entity, with expectations often more unstable than the trends they try to forecast.

- Source: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=5196021
- Identifier: SSRN 5196021
- Released: 2025-03-27
- First featured: Quant Letter No. 91 (2025-04-02): https://www.ml-quant.com/issues/2025-04-02/
- Citations (Semantic Scholar): 0
- Published in: not yet
- Topic: Econometrics & Forecasting

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