uncertainty and learning. We find that the presence of a strategic interaction between the home and foreign central banks creates … an additional motivation for caution in monetary policy. An activist policy designed to help the learning of the home … central bank is suboptimal since it generates a strong reaction from the foreign central bank. As joint learning by the home …

, results depend on the learning scheme that is employed. Here, the learning scheme we investigate is that of least …-squares learning (recursive OLS) using the Kalman filter. A novel feature of a learning- based policy – as against the central bank …

existence of two different regimes depending on learning speed. Finally, classifier systems and neural networks as data mining …

This paper aims at studying the effects of learning - seen as a possible source of individual heterogeneity - on team … strategies learned in the past, to the new situations faced. Learning processes, yet, are not based on the mechanical repetition …

Learning is modeled as an infection, which jumps from person to person. The rate of infection mimics individual …

This paper examines the role of agent heterogeneity and learning on wage dispersion and employment dynamics. In the … LEHD database. The mixed effect specifications generalize the earlier work of AKM and others. The learning component of the … residuals are consistent with Bayesian learning, and to estimate structural parameters of the matching model. I find …

decentralization (mistake-ridden learning, flexibility, and option discovery), although the limitations of organization theory do not …