investigate this claim using a simple model of Bayesian learning. Two individuals with different priors observe the same infinite … behavior in a range of circumstances. We illustrate how the type of learning outlined in this paper interacts with economic …

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 …

experience-based learning and sketch a simple model of its role in the stock market based on Malmendier et al. (2020a,b). I then …

We estimate the impact of district-level schooling mode (in-person versus hybrid or distance learning) on test scores …

represent an understudied channel for this type of social learning. We study an environmentally-focused law in the shale gas …

triggers large asset-price jumps. We show that the learning choice is critically determined by preference parameters and the …