psychology of learning, and work from social scientists on learning. The paper makes the following claim: typically the law … reaches its addressees indirectly. The law is not followed, it is learned. There are two distinct learning objects. Throughout … take the form of schema-like social mirror rules, or of exemplars. Learning also is the key to understanding how …

We analyze a dynamic principal-agent problem with moral hazard and private learning. Each period the agent faces a …

We analyze a social learning model where the agents' utility depends not only on an unknown common component but also … on an unknown idiosyncratic component. Each agent splits a learning budget between the two components. We characterize … the optimal learning decisions and find necessary and sufficient conditions for complete learning. As agents learn from …

: zero-intelligence strategies and strategies generated by deep reinforcement learning. Background traders use zero …

This paper studies sequential social learning when people learn about others' actions through coarse signals. Agents … learning occurs, i.e., agents eventually learn the truth and take the correct actions. A necessary condition for adequate … learning is that the state-signals can induce unbounded private likelihoods. When private likelihoods are unbounded, adequate …

We study learning by privately informed forward-looking agents in a simple repeated-action setting of social learning …

We analyze a game theoretic model of social learning about a consumption good with endogenous timing and heterogeneous …