We instillate rational cognition and learning in "seemingly riskless" choices and judgments. Preferences and … possibilities are given in a stochastic sense and based on revisable expectations. The theory predicts experimental preference …

effect of asymmetric information and learning on the equilibrium outcomes. More uninformed buyers increases the price …

We address the issue of risk aversion in a competitive equilibrium when some buyers engage in learning and information … is conveyed through the price system. Specifically, since the learning process yields uncertainty, we study the effect of …

. When the learning model is embedded in an optimal policy growth model, policy decisions are found to be affected by the …

We study investment and consumption decisions in a dynamic game under learning. To that end, we present a model in … assumption of adaptive learning) is generally intractable, we characterize the unique symmetric Bayesian-learning recursive … limits of the equilibrium outcomes for a finite horizon exist. The addition of learning to a stochastic environment is shown …

We introduce learning in a dynamic game of international pollution, with ecological uncertainty. We characterize and … ecological uncertainty but they gain information (learn) about it. We then compare our learning model with the benchmark model of … anticipative learning induces a decrease in total emissions, but not necessarily in individual emissions. Further, the effect of …

We instillate rational cognition and learning in "seemingly riskless" choices and judgments. Preferences and … possibilities are given in a stochastic sense and based on revisable expectations. the theory predicts experimental preference …