The recent nonexperimental literature on social learning focuses on showing that observational learning exists, that is … “stubborn.” -- Belief ; Bayesian updating ; social learning ; conformity ; herding ; peers …

production cycle: they learn about total demand from a limited sample of target consumers pre-ordering a new product. Learning … preferences, such as developers of innovative consumer products. Learning also enables firms to overcome moral hazard. The higher …

We study how learning affects an uninformed monopolist's supply and investment decisions under multiplicative … the random demand. Observing prices reveals this information slowly. We first show how to incorporate Bayesian learning … of learning on supply and investment decisions, as well as the steady state level of capital. Our findings are as follows …

What do machines learn, and why? To answer these questions we import models of human cognition into machine learning …. We propose two ways of modeling machine learners based on this join: feasibility-based and cost-based machine learning …. We evaluate and estimate our models using a deep learning convolutional neural network that predicts pneumonia from chest …