pricing. We simulate a self-learning algorithm setting personalized prices based on additional information about consumer …

This paper shows that price rigidity evolves in an economy populated by imperfectly rational agents who experiment with …

. We find that the firm encourages social learning for a greater range of beliefs and has greater expected revenue when it …

learning process begins. Tracking this market as it evolved through time, we demonstrate that firms do learn to set more … markets are initially better-informed, and that learning is faster for products with more precise sales information. Our … both firm learning and heterogeneous firm capabilities …