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disagreement regardless of cognitive ability. Learning about the state of the world has little effect on the evolution of perceived …
Persistent link: https://www.econbiz.de/10014477417
Section 16(b) of the Securities Exchange Act of 1934 allows for the recovery of short-swing profits realized by certain insiders from trading in a corporation's stock within a period of less than six months. Three generations of corporate law students have been taught the “lowest-in,...
Persistent link: https://www.econbiz.de/10012961251
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 …
Persistent link: https://www.econbiz.de/10014071940
Persistent link: https://www.econbiz.de/10003896717
trade, but their effectiveness crucially depends on the speed of learning. …
Persistent link: https://www.econbiz.de/10011489986
Purpose – The purpose of this paper is to investigate how universities' learning behavior (explorative or exploitative … revealed that the universities' knowledge mobility is positively affected by both the explorative learning behavior and the … present research provides interesting implications. In fact, recognizing the importance of explorative learning mechanisms …
Persistent link: https://www.econbiz.de/10013092715
We examine the effectiveness of different learning modes in a process management context. We argue that many … organizations will undergo a transformation from a function to a process orientation and that learning matters in this context, as a … significant influence of learning modes on the general success of learning process-oriented thinking. We observe that learning …
Persistent link: https://www.econbiz.de/10013074507
, 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 …
Persistent link: https://www.econbiz.de/10013014874
We study market dynamics when an owner learns over time about the quality of her asset. Since this information is private, the owner sells strategically to a less informed buyer following sufficient negative information. In response, market prices feature a "U-shape" relative to the length of...
Persistent link: https://www.econbiz.de/10012903225
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 …
Persistent link: https://www.econbiz.de/10012905791