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between two activities: producing goods with the production-related knowledge they already have, and interacting with others … and its rate of learning and real growth. Individuals' time allocation decisions depend on the knowledge distribution … time allocations of everyone in the economy in turn determine the evolution of its knowledge distribution. We construct the …
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"Increasingly, individuals are in charge of their own financial security and are confronted with ever more complex financial instruments. However, there is evidence that many individuals are not well-equipped to make sound saving decisions. This paper demonstrates widespread financial illiteracy...
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"We investigate whether information technology can help physicians more efficiently acquire new knowledge in a clinical … model of the influence that information technology has on the acquisition of new medical knowledge. Although the theoretical … medical knowledge when physicians are coping with information overload. Secondly, spillover effects will likely lead to …
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