The paper investigates social-learning when the information structure is not commonly known. Individuals repeatedly … interact in social-learning settings with distinct information structures. In each round of interaction, they use their … behavior in the long-run if and only if individuals distinguish social-learning settings and receive rich feedback after each …

Bateson. Learning requires to recognize a series of situations as identical and then to observe the effect of given variables … hypothesis to be continuously tested. This vision of bounds and learning has many implications for the debate on rationality and …

representative agent. In fact, an attentive recall of the evolution of these matters in Economics will immediately recognise that … rationality behaviour by people. Quite recent developments in the Economics of Knowledge, i.e. the so-called learning models, have …

explanatory power to a variety of expectation formation models by focusing on the learning factor. Whereas the rational …