Showing 1 - 10 of 2,896
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 …
Persistent link: https://www.econbiz.de/10002521609
This paper studies optimal decision rules for a decision maker who can consult two experts in an environment without monetary payments. This extends the previous work by Holmström (1984) and Alonso and Matouschek (2008) who consider environments with one expert. In order to derive optimal...
Persistent link: https://www.econbiz.de/10008746179
This paper explores the opportunities for integrating Initiative Based Learning (IBL) and Integrated Assessment Models … (IAMs) in order to improve our understanding of learning in the context of societal transition pathways, and more … learning in a very different way, and the two approaches have major structural differences with respect to the geographical as …
Persistent link: https://www.econbiz.de/10011558344
We model the decisions of young individuals to stay in school or drop-out and engage in criminal activities. We build on the literature on human capital and crime engagement and use the framework of Banerjee (1993) that assumes that the information needed to engage in crime arrives in the form...
Persistent link: https://www.econbiz.de/10008746932
Organizations design their communication structures to improve decision-making while limiting wasteful influence activities. An efficient communication protocol grants completeinformation payoffs to all organization members, thereby overcoming asymmetric information problems at no cost. This...
Persistent link: https://www.econbiz.de/10013463790
We investigate how the selection process of a leader affects team performance with respect to social learning. We use a … models of social learning to investigate the micro-level mechanisms. We find that overconfidence and conservatism contribute …
Persistent link: https://www.econbiz.de/10011794457
Persistent link: https://www.econbiz.de/10014566849
Persistent link: https://www.econbiz.de/10014420368
Persistent link: https://www.econbiz.de/10012502510
broadcast or sent via shortest paths; only connection density matters. In contrast, homophily substantially slows learning based … friendship networks from the Adolescent Health dataset. -- Networks ; Learning ; Diffusion ; Homophily ; Friendships ; Social … Networks ; Random Graphs ; Mixing Time ; Convergence ; Speed of Learning ; Speed of Convergence …
Persistent link: https://www.econbiz.de/10008811020