, simple payoff-based learning rules eventually lead to equilibrium. Such rules have previously been documented for some forms … laboratory setting and finds strong confirmation for key features of payoff-based learning that distinguish it from classical …

Retailers may face uncertainty about the profitability of local markets, which provide opportunities for learning when … retail entry with uncertainty and learning (from others). Using novel data about fast food chains, I estimate the model with … firm beliefs about market profitability. The estimates confirm the presence of uncertainty and learning. Most importantly …

The paper analyzes a dynamic model of rational strategic learning in a network. It complements existing literature by … links. This means that in the design of networks there exists a trade-off between the speed of learning and accuracy. …

, the stakes are high enough. Moreover, learning will be complete in any Markov perfect equilibrium with continuous value …

The paper analyzes a dynamic model of rational strategic learning in a network. It complements existing literature by … that in the design of networks there exists a trade-off between the speed of learning and accuracy. For an incomplete …

collective learning. The present paper provides a summary of this research. …

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