Showing 1 - 10 of 210
We examine how machine learning can be used to improve and understand human decision-making. In particular, we focus on … released. This is a promising machine learning application because it is a concrete prediction task for which there is a large … volume of data available. Yet comparing the algorithm to the judge proves complicated. First, the data are themselves …
Persistent link: https://www.econbiz.de/10012962719
We study social learning between spouses using an experiment in Chennai, India. We vary whether individuals discover … gender difference in learning (only) in the household …
Persistent link: https://www.econbiz.de/10014357711
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
, endogenous learning here eliminates that effect …
Persistent link: https://www.econbiz.de/10012946007
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
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
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