Final answer:
The entrepreneur's expectations are not compared with the actual or perceived outcomes of the firm according to the Model of Entrepreneurship Motivation.
Step-by-step explanation:
No, this statement is false. It would be more accurate to say that rational expectations seek to predict the future as accurately as possible, using all of past experience as a guide. Adaptive expectations are largely backward looking; that is, they adapt as experience accumulates, but without attempting to look forward.