monetary model with learning, this paper represents an initial step towards what Ireland (2003) terms "Irrational Expectations …, habits are often brought into the analysis. This paper evaluates the potential for learning as a source of persistence in … consumption. But, differently from most previous literature, we drop the assumption of rational expectations (RE). We assume …

controlling inflation with adaptive learning of the approximate Phillips curve, alternative to the one considered by Cho, Williams … algorithm, which describes dynamics with learning in this problem, by the limiting continuous-time process (diffusion). We …

controlling inflation with adaptive learning of the approximate Phillips curve, alternative to the one considered by Cho, Williams … algorithm, which describes dynamics with learning in this problem, by the limiting continuous-time process (diffusion). We …

By using data from surveys of expectations, it is shown that macroeconomic uncertainty, measured by the standard …

previous findings, these results provide strong support for the view that expectations are formed rationally in the case of …

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 …

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 …

methodology to distinguish between these two explanations. The methodology rests on the learning-by-doing and the changes in the …