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Agent Heterogeneity and Learning: An Application to Labor Markets
Woodcock, Simon D. - Econometric Society - 2004
account of structural aspects implied by the learning process. In the most general specification, earnings residuals have a … structures, including the martingale hypothesis implied by the learning process. I find considerable support for the matching …
Persistent link: https://www.econbiz.de/10005328946
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Organizational Learning: An Experimental Study
Franco, April; Blume, Andreas; Duffy, John - Econometric Society - 2004
In this paper we experimentally investigate decentralized, organizational learning. The main objective is to understand … how learning members of an organization cope with the confounding effects of the simultaneous learning of others. We use … versions of a simple "success-or-failure" game due to Blume and Franco [2003] as our stylized model of organizational learning …
Persistent link: https://www.econbiz.de/10005342236
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Noisy evolution in normal form games
Kuzmics, Christoph - Econometric Society - 2004
This paper analyzes a stochastic model of evolution in normal form games. The long-run behavior of individuals in this model is investigated in the limit where mutation rates tend to zero, while the expected number of mutations, and hence population sizes, tend to infinity. It is shown that...
Persistent link: https://www.econbiz.de/10005129796
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Intergenerational Linkages in Consumption Behavior
Cox, Donald; Ng, Serena; Waldkirch, Andreas - Econometric Society - 2000
Consumption is partly a social activity, yet most studies of consumer behavior treat households in isolation. We investigate familial relationships in consumption patterns using a sample of parents and their children from the Panel Study of Income Dynamics. We find a positive and statistically...
Persistent link: https://www.econbiz.de/10005063539
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Job Design, Job Assignment and Learning in Organizations
Golan, Limor; Antonovics, Kate - Econometric Society - 2004
theory of learning and job design, and empirically test this theory using a unique firm-level data set. Our model departs … from the existing literature on learning and sorting by recognizing that the information content of jobs may differ and …
Persistent link: https://www.econbiz.de/10005063721
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learning optimal monetary policies
ravenna, federico; dennis, richard - Econometric Society - 2004
innovations and the choice of policy affect the speed at which learning is achieved. We show that it is possible for a non …
Persistent link: https://www.econbiz.de/10005702623