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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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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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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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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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Equilibrium selection under different learning modes in supermodular games
Kaarbøe, Oddvar M.; Tieman, Alexander F. - 1999
We apply the dynamic stochastic framework proposed by recent evolutionaryliterature to the class of strict supermodular games when two simplebehavior rules coexist in the population, imitation and myopic optimization.We assume that myopic optimizers are able to see how well their payoff...
Persistent link: https://www.econbiz.de/10011302143