We examine strategic information transmission in a controlled laboratory experiment of a cheap talk game with one … theoretical predictions that we observe tend to disappear with experience, and learning is faster precisely in the games where …

instrument or the size of the average treatment effect. With experiments, violation is more likely if the treatment and control …

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 …

We study the extent to which self-referential adaptive learning can explain stylized asset pricing facts in a general … production economy and a Lucas type endowment economy. We find that recursive least squares learning has almost no effects on … gain learning may contribute towards explaining the stock price and return volatility as well as the predictability of …

Expectations play a central role in modern macroeconomics. The econometric learning approach, in line with the … equilibria. Further features of learning, such as discounting of older data, use of misspecified models, or heterogeneous choice … by agents between competing models, generate novel learning dynamics. Empirical applications are reviewed and the roles …

migrants with a Turkish origin or Central and Eastern European (including Russian) background. Job search theory is used to …