correlation structure, and its main advantage is that it is capable of producing data-mining robust significance. We apply the …

for calendar effects produces robust data-mining results. Unfortunately, attempts to control for a large number of …

model with a certain probability. The key to the MCS is that it acknowledges the limitations of the information in the data … Comparison ; Data Mining …

How do people learn? We assess, in a distribution-free manner, subjects' learning and choice rules in dynamic two …-armed bandit (probabilistic reversal learning) experiments. To aid in identification and estimation, we use auxiliary measures of … subjects' beliefs, in the form of their eye-movements during the experiment. Our estimated choice probabilities and learning …

technologies display learning effects and agents' rate of learning is private knowledge. In a simple two-period model with full … commitment available to the principal, we show that whether learning effects are over- or under-exploited crucially depends on … whether learning effects increase or decrease the principal's uncertainty about agents' costs of production. Hence, what …

-of-thumb?approximation to optimal behavior by trial-and-error methods as Friedman (1953) proposed long ago We find that such individual learning …

intuitively appealing explanation, based on regime switching in the real interest rate and learning, of why tests based on the … supported by the data. …

We present the results of an experiment on learning in a continuous-time low-information setting. For a Cournot …