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-maker. We derive the researcher's equilibrium learning strategy by solving an auxiliary single-player problem. The attribute … excessive response to new information, she forgoes learning altogether. In an organizational context, we show that a manager …
Persistent link: https://www.econbiz.de/10015191554
We analyze a dynamic principal-agent problem with moral hazard and private learning. Each period the agent faces a …
Persistent link: https://www.econbiz.de/10014135182
We analyze a game theoretic model of social learning about a consumption good with endogenous timing and heterogeneous …
Persistent link: https://www.econbiz.de/10014191123
We study learning by privately informed forward-looking agents in a simple repeated-action setting of social learning …
Persistent link: https://www.econbiz.de/10014263855
For many years psychological studies of the learning process have used a simulated medical diagnosis task in which … models. Using 123 subjects each in 480 trials, we compare five existing learning models plus several variants, including the …
Persistent link: https://www.econbiz.de/10014216348
The article presents certain ways of understanding a learning organization and its characteristic features. It also … contains the results of a study of twenty–seven Polish enterprises facilitating diagnosis of their learning ability. It has … been shown that learning ability is connected with the performance of the enterprise. The study results make possible the …
Persistent link: https://www.econbiz.de/10014119347
We have developed a method for directly learning relative preferences from histories of comparison information without … predicting novel context effects. Applying our theory to predicting choices under uncertainty leads to good fits with empirical …
Persistent link: https://www.econbiz.de/10014140630
Traditional macroeconomic learning algorithms are misspecified when all agents are learning simultaneously. In this … paper, we produce a number of learning algorithms that do not share this failing, and show that this enables them to learn … almost any solution, for any parameters, implying learning cannot be used for equilibrium selection. As a by-product, we are …
Persistent link: https://www.econbiz.de/10014140885
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
of Player 2. We say that beliefs exhibit higher-order learning if the beliefs of Player k about the beliefs of Player k-1 …, higher-order learning fails even after a large number of signals is observed. We argue that this result is driven by base …-rate neglect, heterogeneity in updating processes, and subjects' failure to correctly take learning rules of others into account …
Persistent link: https://www.econbiz.de/10013219936