memory decay rate of the learning GPD. The dynamics of such heterogeneous learning processes and capability of producers …' learning are discussed. It is found that the learning memory decay rate of the GDP of heterogeneous producers plays a …

Algorithms (GAs) to model the learning behavior of a population of adaptive and boundedly rational agents interacting in an …

The paper is concerned with genetic algorithm learning in a cobweb economy. Besides discussing several specification …

Learning processes are widely held to be the mechanism by which boundedly rational agents adapt to environmental … preferences arises when environmental complexity overwhelms learning possibilities and leads agents to make use of other people …

consumers and the extent of their learning from the queue information in the presence of such positive and negative …

This paper applies a social learning model to the optimal consumption rule of Allen & Carroll (2001), and delivers … results in the literature, both in terms of speed of convergence and parsimony of the learning model. The learning model … exhibits several appealing features: it is frugal, easy to apply to a range of learning objectives, requires few procedures and …

understand better how subjects with different cognitive abilities learn differently, we estimate a structural model of learning … ability to that of character skills, and find that both cognition and personality affect behavior and learning. More agreeable …

to analyze the social learning mechanism and its effect on the seller's pricing decision. This analysis borrows from the … literature on social learning and on pricing and revenue management. Consumers follow a naive decision rule and, under some … conditions, eventually learn the product's quality. Using mean-field approximation, the dynamics of this learning process are …