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 …

Young children have been largely neglected in research dedicated to the art museum experience. The art exhibition "Tête …, both adults and children appear to be satisfied overall with the playful and interactive dimension of their experience …