Shin, Sangwoo (1973; Horsky, Dan
: zero-order, inertia and learning. Two sources of state dependence, inertia and learning, are operationalized using a dummy … absence of preference information. Both the inertia and in particular the Bayesian learning components are overstated, and the … for lagged choice and adopting the Bayesian learning process, respectively. I apply a Reversible Jump MCMC sampling scheme …