becoming negative, or vice versa. We report the results of a human–subjects experiment designed to test for two types of loss … a sure gain). Subjects in the experiment play three versions of Stag Hunt, which are identical up to the level of …

offer an IJV exit framework and corresponding propositions that apply resource dependence and learning theories. The … liquidation, internalization or sell-off. It extends the uni-directional notion of the current IJV learning theory and illustrates … that parental learning does not necessarily lead to an IJV's internalization, whereas absent learning does not inevitably …

Personal experience matters. In a field setting with longitudinal data, we disentangle the effects of learning new … learning new information, significantly boosts future compliance. We also show that experience with a large fine boosts …

We use a novel field experiment which jointly tests two implicit assumptions of updating models in a joint framework …: that new information leads to new knowledge and that new knowledge can affect economic decisions. In the experiment, we … consistent with a model of incomplete learning, fatigue and either confirmation bias or costly search coupled with unbiased …

We use a novel field experiment which jointly tests two implicit assumptions of updating models in a joint framework …: that new information leads to new knowledge and that new knowledge can affect economic decisions. In the experiment, we … consistent with a model of incomplete learning, fatigue and either confirmation bias or costly search coupled with unbiased …

This paper applies recent advances in the theory of learning to the analysis of consumer behaviour in a dynamic duopoly … constrast is made between belief-based and reinforcement/familiarity-based learning. In the latter case, consumers can be locked … steady states in which one firm dominates. In contrast, belief-based learning rules must lead asymptotically to correct …

this result and of fact-free learning in general. …