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

prospects in a laboratory experiment. Under low stakes, we find the typical risk seeking behavior for small probabilities …

prospects in a laboratory experiment. Under low stakes, we find the typical risk seeking behavior for small probabilities …

learning-by-doing in account, we find that this leads to an earlier switching time but does not guarantee sustainability. …

their income - the higher the risk aversion, the more stable the cooperatives and the lower the segregation. Learning can … high or low-risk, and while they are learning, they tend to create cooperatives that can last. Eventually we worked on the …

private agents are gradually learning their uncertain environment. When agents update their beliefs about the parameters that … under adaptive learning are significantly larger than under rational expectations. In our benchmark case calibrated using US … data on leverage, debt-to-GDP and land value-to-GDP ratios for 1996Q1-2008Q4, learning amplifies leverage shocks by a …

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 …