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

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

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

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 …

and they cannot observe other agents' actions or payoffs. Theory shows that even when players have no such information …, 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 …

We propose a model of learning when experimentation is possible, but unawareness and ambiguity matter. In this model …

In standard models of rational learning from experience, prior uncertainties and disagreements recede smoothly as …, uncertainties will surge and core disagreements widen. In general, rational learning tends to bifurcate into calm and turbulent …