according to its length. Allowing them to exploit a learning process, we depict a strict connection between the starting point … and the final result. Moreover, as far as learning is evaluated as an iterative process, the set of initial conditions …

This paper investigates the role of learning by private agents and the central bank (two-sided learning) in a New … these beliefs through a statistical learning algorithm as new information becomes available. We study the short-run dynamics … demonstrate that two-sided learning can generate substantial increases in volatility and persistence, and alter the behavior of …

the approach proposed by Cogley and Sargent (2005b) to incorporate model uncertainty and learning into policy decisions …

We present a model of learning in which agents learn from errors. If an action turns out to be an error, the agent … an acceptable solution is asymptotically reached. Moreover, one can take advantage of big errors for a faster learning. …

decreasing returns involves a wide interval of pure strategy equilibrium prices. We present results of an experiment in which two …