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is little evidence of learning over the 40 matches of the experiment. …
Persistent link: https://www.econbiz.de/10008528540
points. The implications of this model are tested in an experiment in which participants have to make a consumption choice …
Persistent link: https://www.econbiz.de/10011084678
aggregation jointly shape social learning. Our environment features substantial social learning. We show that learning occurs via …
Persistent link: https://www.econbiz.de/10011201359
correlated learning may render it optimal to enter markets sequentially – an investment in market A is only followed by entry in …, we identify correlated learning across markets beyond alternative explanations as a key driver of gradualism in the …
Persistent link: https://www.econbiz.de/10009246612
We introduce learning into a Hotelling model of a non-renewable resource market. By combining learning and scarcity we … add significantly to the dynamics implied by learning and substantially enhance the volatility of commodity prices. In our … learning model we show how a self confirming equilibrium exists but is not constant over time. As scarcity increases the SCE …
Persistent link: https://www.econbiz.de/10004973966
the Phillips curve the less does optimal policy aim towards learning. …
Persistent link: https://www.econbiz.de/10005497983
implications for the nature and formation of preferences. We study the tariff experiment conducted by South Central Bell where …
Persistent link: https://www.econbiz.de/10005498107
We analyse the consumption strategy of a dynamically inconsistent individual for goods that provide an immediate benefit and a delayed cost. The agent has incomplete information on the cost inherent to each unit of consumption and partially learns this value anytime he consumes. We show that, by...
Persistent link: https://www.econbiz.de/10005504250
. We consider a dynamic game in which firms improve both a new and a rival old technology while learning about the relative …
Persistent link: https://www.econbiz.de/10005504449
We present a decision theoretic framework with agents that are learning about the behavior of market determined … about equilibrium prices, so that learning about price behavior, as in Adam, Marcet and Nicolini (2008), is fully consistent …
Persistent link: https://www.econbiz.de/10008577809