Ossokina, Ioulia V.; Swank, Otto H. - In: Scandinavian Journal of Economics 105 (2003) 1, pp. 1-14
In a multiperiod setting, decision-makers can learn about the consequences of their decisions through experimentation. We examine how polarization and political instability affect learning through experimentation. We distinguish two cases: (i) the decision to be made is not salient and does not...