In complex environments, it is challenging to learn enough about the underlying characteristics of transactions so as to design the best institutions to efficiently generate gains from trade. In recent years, Artificial Intelligence has emerged as an important tool that allows market designers...

What do machines learn, and why? To answer these questions we import models of human cognition into machine learning. We propose two ways of modeling machine learners based on this join: feasibility-based and cost-based machine learning. We evaluate and estimate our models using a deep learning...