during the experiment to test subjects' understanding of relationships between distribution of votes and voting power. The …

learning schemes can be compared in terms of the consumption behaviour that they yield. We show that neither purely adaptive … learning, nor social learning based on imitation can ensure satisfactory consumption behaviours. By contrast, if the agents can … terms of its regularity, and its ability to improve performance (which is as a clear manifestation of learning). Our results …

are in the dark about what others are doing and how their own payo s are a ected. This paper analyzes learning behavior in … identify two key features of the players' learning dynamics. First, if a player's realized payoff increases he is less inclined …

This paper aims to analyze learning as a two-type process. A dynamic equilibrium process represents a stable learning … process, that may express an individualistic behavioral learning or an organizational adaptation. A teleological process … represents an intentional, goal-oriented, learning process. This second type of learning can express an individualistic cognitive …

This paper focuses on the link between the economic conceptions of rationality and learning. Traditionally, most … economists believe that learning is just a way for agents to become fully rational. But being fully rational cannot describe a … is not the process of learning, but the result of learning: ‘a fully rational agent'. Heterodox rationality conceptions …

endogenously influence whether learning occurs through its policy choices (policy experimentation), future political competition … demonstrates that all incumbents can find it optimal to 'over experiment', relative to a counterfactual in which they are sure to …

data when the agent's beliefs about the model are updated through linear learning algorithms. We find that learning in this … learning algorithm is recursive least squares, long memory arises when the coefficient on expectations is sufficiently large … endogenous variable is determined exogenously. Finally, this property of learning is used to shed light on some well …