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investigate this claim using a simple model of Bayesian learning. Two individuals with different priors observe the same infinite … implications for economic behavior in a range of circumstances. We illustrate how the type of learning outlined in this paper …
Persistent link: https://www.econbiz.de/10012760581
.39 and 0.23 standard deviations, respectively, after four years. We also identify important gender learning gaps with boys …
Persistent link: https://www.econbiz.de/10012862837
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 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