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Human brain has invented the Computer&upgraded it to a level of Combrains. With Artificial Chemical Memory, these may grow to function as independent Iintellects, Master/Sponsor representatives and self- decision workers with autonomy&supreme capability. Like any human society learn and function...
Persistent link: https://www.econbiz.de/10005118844
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 …
Persistent link: https://www.econbiz.de/10005125572
This paper presents experimental evidence about how individuals learn from information that comes from inside versus outside their ethnic group. In the experiment, Thai subjects observed information that came from Americans and other Thais that they could use to help them answer a series of...
Persistent link: https://www.econbiz.de/10005125584
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 …
Persistent link: https://www.econbiz.de/10005125778
The New Keynesian model with rational expectations unrealistically predicts that unanticipated credible changes in the inflation target lead to an immediate jump in the inflation level while the output gap is unaffected. We set up a theoretical model where agents learn the behaviour of the...
Persistent link: https://www.econbiz.de/10005126243
We develop a general model of best response adaptation in large populations for symmetric and asymmetric conflicts with role-switching. For special cases including the classical best response dynamics and the symmetrized best response dynamics we show that the set of Nash equilibria is...
Persistent link: https://www.econbiz.de/10005062353
While many learning models have been proposed in the game theoretic literature to track individuals’ behavior … learning models in light of a laboratory experiment on responsiveness in a lowinformation dynamic game subject to changes in … its underlying structure. While history-dependent reinforcement learning models track convergence of play well in repeated …
Persistent link: https://www.econbiz.de/10005062390
purification with recent results from the rational learning literature. …
Persistent link: https://www.econbiz.de/10005407541
, (ii) the resulting efficiency loss, and (iii) the adjustment of the learning rule. …
Persistent link: https://www.econbiz.de/10005407575
This paper aims at analysing the effects of learning on the individual behaviour in an experiment that requires … apply them also in other situations) and propose new hypothesis. Learning is not only based on a mechanical repetition of …
Persistent link: https://www.econbiz.de/10005407620