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investigate this claim using a simple model of Bayesian learning. Two individuals with different priors observe the same infinite … implications for economic behavior in a range of circumstances. We illustrate how the type of learning outlined in this paper …
Persistent link: https://www.econbiz.de/10012760581
investigate this claim using a simple model of Bayesian learning. Two individuals with different priors observe the same infinite … behavior in a range of circumstances. We illustrate how the type of learning outlined in this paper interacts with economic …
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Empirical studies have documented large pre-bid target stock price runups, suggesting significant effects of target stock market on mergers and acquisitions (M&A) outcomes. To understand such effects, we develop an informational feedback model in which a target learns from its stock price about...
Persistent link: https://www.econbiz.de/10012905018
The purpose of this paper is to identify learning in games in experimental economic settings, and apply their results … that learning about power is dominant over learning from simple repetition in Veto games. Additionally, this paper shows …
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