the nature of the task at the second date further shows that learning is unencumbered by a change in environment. Our …

disagreement regardless of cognitive ability. Learning about the state of the world has little effect on the evolution of perceived …

risk. This paper focuses on the transmission of sovereign risk to insurance companies as some of the largest institutional … investors in the sovereign bond market. We use a firm level panel dataset that covers large insurance companies, banks and non … reflected in current insurance regulation (incl. upcoming Solvency II in Europe). …

active learning possibilities has effects on the optimal interest rate rule followed by the central bank.For a wide range of …

This paper introduces a reinforcement learning based approach to compute optimal interest rate reaction functions in …