successfully but nevertheless lost public support, and vice versa. We show that learning dynamics can rationalize this apparent … identity (reform winner or loser?) more pessimistic about their chances of benefiting from the reform. Consequently, learning …

This essay links some of my own work on expectations, learning and bounded rationality to the inspiring ideas of Jean …-Michel Grandmont. In particular, my work on consistent expectations and behavioral learning equilibria may be seen as formalizations of … JMG's ideas of self-fulfilling mistakes. Some of our learning-to-forecast laboratory experiments with human subjects have …

estimation of the parameters in an auxiliary model. The learning scheme employed by the agents belongs to the class of stochastic …

The novelty of our model is to combine models of collective action on networks with models of social learning. Agents …

an incentive to reduce emissions: such a change of direction facilitates their learning process on the causes of global … would also ease learning, that option is shown to be inferior because emitting greenhouse gases is irreversible …