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T.W. Schultz (1975) proposed that returns to human capital were highest in economicenvironments where technology, price or production shocks were common and managerial skillsto adapt resource allocations to those shocks were most in need. We hypothesize that variationin returns to human capital...
Persistent link: https://www.econbiz.de/10009305073
learnable by several models of learning, such as adaptive and sophisticated learning (Milgrom and Roberts 1991), calibrated … learning (Foster and Vohra 1996), and reasonable learning (Friedman and Shenker 1997). Thus, using these methods one can …
Persistent link: https://www.econbiz.de/10010334330
This paper describes the results of simulation experiments performed on a suite of learning algorithms. We focus on … be extremely asynchronous; players update their strategies at very different rates. There are many proposed learning … information, asynchronous play, and the degree of responsiveness of the learning algorithm. …
Persistent link: https://www.econbiz.de/10010334347
We address the problem of learning and implementation on the Internet. When agents play repeated games in distributed … the essential properties that constitute ``reasonable'' learning behavior in distributed environments. We then study the …
Persistent link: https://www.econbiz.de/10010334355
education on health behavior is the same between those with and without a learning disability, suggesting that cognition is not …
Persistent link: https://www.econbiz.de/10010500243
We present the results of an experiment on learning in a continuous-time low-information setting. For a Cournot …
Persistent link: https://www.econbiz.de/10010318349