This paper develops an adaptive learning formulation of an extension to the Ball, Mankiw and Reis (2005) sticky …'s preferences for price vs. output stability, the learning process can converge to a new equilibrium in which both output and price …

Incorporating adaptive learning into macroeconomics requires assumptions about how agents incorporate their forecasts … into their decision-making. We develop a theory of bounded rationality that we call finite-horizon learning. This approach … generalizes the two existing benchmarks in the literature: Euler-equation learning, which assumes that consumption decisions are …

psychology of learning, and work form social scientists on learning.The paper makes the following claim: typically the law … reaches its addressees indirectly. The law is not followed, it is learned. There are two distinct learning objects. Throughout … take the form of schema-like social mirror rules, or of exemplars.Learning also is the key to understanding how individuals …

psychology of learning, and work form social scientists on learning.The paper makes the following claim: typically the law … reaches its addressees indirectly. The law is not followed, it is learned. There are two distinct learning objects. Throughout … take the form of schema-like social mirror rules, or of exemplars.Learning also is the key to understanding how individuals …