This paper estimates a standard Dynamic Stochastic General Equilibrium (DSGE) model that includes a wage and price Phillips curves with different expectation formation processes for Brazil and the USA. Other than the standard rational expectation process, we also use a limited rationality...

Understanding how people behave in strategic settings–where they make decisions based on their expectations about the behavior of others–is a longstanding problem in the behavioral sciences. We conduct the largest study to date of strategic decision-making in the context of initial play in...

This research examined the impacts of peer perseverance on learning outcomes and investigated how this influence varies with the partners' skill levels, either higher or similar to the subjects, across two experiments resembling online learning platforms. Study 1 recruited active English...