learning schemes can be compared in terms of the consumption behaviour that they yield. We show that neither purely adaptive … learning, nor social learning based on imitation can ensure satisfactory consumption behaviours. By contrast, if the agents can … terms of its regularity, and its ability to improve performance (which is as a clear manifestation of learning). Our results …

pricing. We simulate a self-learning algorithm setting personalized prices based on additional information about consumer …

. We find that the firm encourages social learning for a greater range of beliefs and has greater expected revenue when it …

This paper presents a model of a rational seller who is actively learning the slope of his demand curve via his pricing … (as observed in the data), which has proved to be a major challenge to most price setting models. The model s learning …

product quality. We show that the learning process is successful as long as the price is not prohibitive and therefore at … pricing policy exists. If putting one item on the market involves a constant cost, then under this optimal policy, learning …

problems by constraining learning more aggressively in those markets where consumers are less informed. Developing an indicator …

-negative learning cost and spending one period. If the agent has time-consistent preferences, she always chooses to learn whenever the … learning is beneficial. If the agent has time-inconsistent preferences, however, she may procrastinate such a learning …), the procrastination of learning can occur even when the learning cost is zero. The procrastination also leads to a non …