the welfare of the agents, it also decreases the informational content of their actions, hampering the agency's learning …

payoff-based learning models are simulated in order to understand individual learning behavior in distributed systems. Under … the serial mechanism the payoff-assessment learning model (Sarin and Vahid (1997)) provides the best fit to the data …, followed by the experience-weighted attraction learning model (Camerer and Ho (1999)), which in turn, is followed by a simple …

of evolutionary and learning processes in this game. Only the continuous best response dynamic uniquely selects the …

economy where (i) private agents have incomplete information and form their expectations using recursive learning algorithms … of stability of the equilibrium and speed of convergence of the learning process. In particular, while the publication of … stabilize expectations and to speed up the learning process the response of the policy instrument to inflation should be …

form their beliefs using adaptive learning algorithms that may differ from one individual to another. We show that market …

considers many different aspects of the agglomeration - labor market relationship, including turnover, learning, matching, and … agglomeration and uncertainty. There is also evidence of on-the-job learning that is consistent with theories of labor pooling …