different cognitive abilities learn differently, we estimate a structural model of learning based on level-k reasoning. We find …

possibility for learning to act as coordination device. We build on the framework proposed by Angeletos and Pavan (2007) and … adaptive and eductive learning obtain, and show that adaptive learning conditions are less demanding than the eductive ones: in … in the economy. We also show that adaptive learning dynamics converge to the game theoretical strategic equilibrium …

by belief hysteresis, where learning in active regime fuels optimism, propelling an expansion. After an inevitable regime …

the goodness of fit of structural models of belief learning, and the prior beliefs implied by such structural models are …

We build a workable game of common-property resource extraction under rational Bayesian learning about the renewal …

update their heterogeneous beliefs through learning sequentially, they adjust their beliefs to justify the status quo. This …