Agents with more experience make better choices. We measure learning dynamics using a panel with four million monthly … learning is not monotonic. Knowledge effectively depreciates about 10% per month, implying that learning displays a strong …

Agents with more experience make better choices. We measure learning dynamics using a panel with four million monthly … learning is not monotonic. Knowledge effectively depreciates about 10% per month, implying that learning displays a strong …

"Agents with more experience make better choices. We measure learning dynamics using a panel with four million monthly … learning is not monotonic. Knowledge effectively depreciates about 10% per month, implying that learning displays a strong …

This paper empirically tests information asymmetries and learning in global commercial real estate markets. We find … agents, anchoring to prices in their home market and selection bias. We show that learning from prior acquisition experience … relative to the first-time local investors after four acquisition experiences in local markets. Quality of learning through …

two presale projects, and they can adjust pricing strategies in subsequent projects by learning from experience and … adjacent peers. Our study discloses developers’ underpricing and learning behavior in the presale housing market …