making its returns higher and less variable. Our theory also predicts that a more unequal distribution of social capital …

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 …

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 …

the Phillips curve the less does optimal policy aim towards learning. …

policy implications. Last, applications of this theory to other issues such as self-knowledge, willpower and habit formation …

. We consider a dynamic game in which firms improve both a new and a rival old technology while learning about the relative …

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 …