Showing 1 - 10 of 13
learning between the first and the nth attempt while controlling for selection into retaking in terms of observed and … unobserved characteristics. We find large learning gains measured in terms of improvements in the exam scores, especially among …
Persistent link: https://www.econbiz.de/10013072580
represent an understudied channel for this type of social learning. We study an environmentally-focused law in the shale gas …
Persistent link: https://www.econbiz.de/10012906299
, endogenous learning here eliminates that effect …
Persistent link: https://www.econbiz.de/10012946007
Learning or experience curves are widely used to estimate cost functions in manufacturing modeling. They have recently … shows that there is a fundamental statistical identification problem in trying to separate learning from exogenous … technological change and that the estimated learning coefficient will generally be biased upwards. Second, we present two empirical …
Persistent link: https://www.econbiz.de/10012758017
This paper develops a theory of expectations-driven business cycles based on learning. Agents have incomplete knowledge …
Persistent link: https://www.econbiz.de/10012770876
We study the perfect Bayesian equilibrium of a model of learning over a general social network. Each individual … characterize the conditions under which there will be asymptotic learning -- that is, the conditions under which, as the social … unbounded (meaning that the implied likelihood ratios are unbounded), there will be asymptotic learning as long as there is some …
Persistent link: https://www.econbiz.de/10012771797
We document the transmission of social distancing practices from the United States to Mexico along migrant networks during the early 2020 Covid-19 pandemic. Using data on pre-existing migrant connections between Mexican and U.S. locations and mobile-phone tracking data revealing social...
Persistent link: https://www.econbiz.de/10012825490
We build a tractable heterogeneous-firm business cycle model where firms face Knightian uncertainty about their profitability and learn it through production. The cross-sectional mean of firm-level uncertainty is high in recessions because firms invest and hire less. The higher uncertainty...
Persistent link: https://www.econbiz.de/10012977266
networks are recognized as the most credible source of information about new technologies. We incorporate social learning in … communicator influences learning and adoption. Farmers find communicators who face agricultural conditions and constraints most … comparable to themselves to be the most persuasive. Incorporating communication dynamics can take the influential social learning …
Persistent link: https://www.econbiz.de/10013053835
triggers large asset-price jumps. We show that the learning choice is critically determined by preference parameters and the …
Persistent link: https://www.econbiz.de/10013221105