Established in 1988, the Shingo Prize for Operational Excellence recognises organisations in the USA, Mexico and Canada …

effect). This study has practical implications for regulators, corporations and investors, both in the USA and abroad. …

bubbles, a bubble itself is not sufficient to cause real-side disruption. What central bankers should learn from Japan …

learning. The speculative trade is understood as an equilibrium outcome, in which agents who buy the asset pay higher price for … different prior beliefs, which are concentrated on disjoint sets. This prevents them from learning. The resulting permanent … learning. In Essay 1, I set up a general equilibrium model of trading with differential beliefs and learning. The dividend …

update expectations by Bayesian learning based on observations from their own lifetimes. In this model, the stock price … can be approximated by a representative-agent model with constant-gain learning, where the gain parameter is related to …