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Learning in cobweb experiments
Hommes, Cars H.; Sonnemans, Joep; Tuinstra, Jan; … - 2003
Different theories of expectation formation and learning usually yield different outcomes for realized market prices in … dynamic models. The purpose of this paper is to investigate expectation formation and learning in a controlled experimental …
Persistent link: https://www.econbiz.de/10011333266
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Naïve learning in social networks with random communication
Heidergott, Bernd; Huang, Jiaping; Lindner, Ines - 2018
We study social learning in a social network setting where agents receive independent noisy signals about the truth …
Persistent link: https://www.econbiz.de/10011801379
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Learning to average predictively over good and bad : comment on : using stacking to average Bayesian predictive distributions
Hoogerheide, Lennart; Dijk, Herman K. van - 2018
, Simpson, and Gelman(2018), to a setting where dynamic learning occurs about features of predictive densities of possibly … misspecified models. This improves the averaging process of good and bad model forecasts. We summarise how this learning is done in … connection with machine learning. We illustrate our suggestion using results from Ba̧stürk, Borowska, Grassi, Hoogerheide, and …
Persistent link: https://www.econbiz.de/10011895574
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Consistent estimation of structural parameters in regression models with adaptive learning
Christopeit, Norbert; Massmann, Michael - 2010
Persistent link: https://www.econbiz.de/10008736921
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Industry evolution : diversity, selection and the role of learning
Audretsch, David B.; Houweling, Patrick; Thurik, Adriaan R. - 1998
firms survive and others do not than does neoclassical economics. At the heart of the evolutionary theory isthe view that …
Persistent link: https://www.econbiz.de/10010533203
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Subsidizing the adoption of energy-saving technologies : analyzing the impact of uncertainty, learning and maturation
Groot, Henri L. F. de; Mulder, Peter; Soest, Daniël … - 2003
As part of the Kyoto Protocol, many countries have committed themselves tosubstantially reduce the emission of greenhouse gases within a politically imposed timeconstraint. Investment subsidies can be an important instrument to stimulate the adoption ofenergy-saving technologies to achieve...
Persistent link: https://www.econbiz.de/10011333267
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Deliberation, information aggregation and collective decision making
Swank, Otto H.; Wrasai, Phongthorn - 2003
We study a model of collective decision making with endogenous information collection.Agents collect information about the consequences of a project, communicate, and then vote onthe project. We examine under what conditions communication may increase the probability thatgood decisions are made....
Persistent link: https://www.econbiz.de/10011325966
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Learning, forecasting and optimizing : an experimental study
Te, Bao; Duffy, John; Hommes, Cars H. - 2012
Persistent link: https://www.econbiz.de/10010191021
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History-dependent monetary regimes : a lab experiment and a HENK model
Arifovic, Jasmina; Salle, Isabelle; Truong, Hung - 2023
Price-level targeting (PLT) is optimal under the fully-informed rational expectations (FIRE) benchmark but lacks empirical support. Given the hurdles to the implementation of macroeconomic field experiments, we utilize a laboratory group experiment - where expectations are elicited from human...
Persistent link: https://www.econbiz.de/10014280056
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Learning in a local interaction hawk-dove game: do not learn us your neighbours do
Kamphorst, Jurjen; Laan, Gerard van der - 2006
Persistent link: https://www.econbiz.de/10003314828