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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...
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Most learning in the workplace occurs outside of formal learning environments—it happens informally, “in the field.” In … this review, we share what is known about how such informal field-based learning (IFBL) works, offer guidance on how to … promote healthy IFBL, and identify future research needs. We first situate IFBL within the broader stream of the learning …
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In this work, we explore the role of learning dynamics and social norms in human cooperation on networks. We study the … Attraction learning model with some features characterizing human norm psychology, namely the set of cognitive abilities humans … balance between the choice that returns higher payoffs with the choice in agreement with social norms. In our experiment …
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