demand. The former learning effect, combined with the latter real-options effect, adversely affect firms' entry decisions and …

The adaptive learning approach has been fruitfully employed to model the formation of aggregate expectations at the … macroeconomic level, as an alternative to rational expectations. This paper uses adaptive learning to understand, instead, the … sentiment, defined as the degrees of excess optimism and pessimism that cannot be justified by the near-rational learning model …

research has not examined whether individual differences in insular sensitivity predict learning to avoid aversive stimuli. In … that in addition to correlating with self-reported anxiety, heightened insular sensitivity may promote learning to avoid …

(Learning-to-Forecast experiments) or individual trading (Learning-to-Optimize experiments). Bao et al. (2018) have shown that …

We explore the consequence of learning to forecast in a very simple environment. Agents have bounded memory and … incorrectly believe that there is nonlinear structure underlying the aggregate time series dynamics. Under social learning with … variable learning equilibrium as well as a weaker long run consistency condition …

all stylized facts observed in aggregate price fluctuations and individual forecasting behaviour in recent learning to …. -- Learning ; heterogeneous expectations ; genetic algorithms ; experimental economics …