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We survey work using Bayesian learning in macroeconomics, highlighting common themes and new directions. First, we … present many of the common types of learning problems agents face---signal extraction problems---and trace out their effects … information. Models differ in their motives for information acquisition and the cost of information, or learning technology …
Persistent link: https://www.econbiz.de/10012660016
Interventions to promote learning are often categorized into supply- and demand-side approaches. In a randomized … experiment to promote learning about COVID-19 among Mozambican adults, we study the interaction between a supply and a demand …
Persistent link: https://www.econbiz.de/10012599266
experience-based learning and sketch a simple model of its role in the stock market based on Malmendier et al. (2020a,b). I then …
Persistent link: https://www.econbiz.de/10012599364
We explore a model of non-Bayesian information aggregation in networks. Agents non-cooperatively choose among Friedkin-Johnsen type aggregation rules to maximize payoffs. The DeGroot rule is chosen in equilibrium if and only if there is noiseless information transmission...leading to consensus....
Persistent link: https://www.econbiz.de/10013190991
We estimate the impact of district-level schooling mode (in-person versus hybrid or distance learning) on test scores …
Persistent link: https://www.econbiz.de/10012696406
.39 and 0.23 standard deviations, respectively, after four years. We also identify important gender learning gaps with boys …
Persistent link: https://www.econbiz.de/10012480224
represent an understudied channel for this type of social learning. We study an environmentally-focused law in the shale gas …
Persistent link: https://www.econbiz.de/10012481048
We develop a model to analyze information aggregation and learning in housing markets. In the presence of pervasive … of a neighborhood. Our model provides a novel mechanism for amplification through learning in which noise from the …
Persistent link: https://www.econbiz.de/10012482087
This paper presents the first experimental evidence on the effects of live versus internet media of instruction. Students in a large introductory microeconomics course at a major research university were randomly assigned to live lectures versus watching these same lectures in an internet...
Persistent link: https://www.econbiz.de/10012462566
Bennett McCallum (2009), applying Evans and Honkapohja's (2001) results, argues that "learnability" can save New-Keynesian models from their indeterminacies. He claims the unique bounded equilibrium is learnable, and the explosive equilibria are not. However, he assumes that agents can directly...
Persistent link: https://www.econbiz.de/10012463190