, which compares with 24.1% in the United States. Excluding sales, however, the fraction of prices modified each month is … more frequent in January even when sales are excluded; (iv) sales contribute significantly to the volatility of inflation …

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 …

. Particularly, as organizational learning is now anchored as an important part of the building and sustaining of the small and … learning and performance is important for managers and researchers. We could hypothesize that, combined with organizational … learning processes, some leaders' characteristics and behaviours are more important than others to lead the development of an …

What is the debate on Learning Organizations all about? In this paper we propose to demonstrate that the necessity to … years, makes of learning a condition of survival for any organization, whether individual, company, school or nation. More …-time Learning Organization? How can people forget their stifling Industrial-Era education and recover their natural strive to reach …

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 …