This article aims to enhance factor investing with reinforcement learning (RL) techniques. The agent learns through …

Syndication, which is a joint realization of one project/one investment by several capital providers, is a long …

We study how learning affects an uninformed monopolist's supply and investment decisions under multiplicative … of learning on supply and investment decisions, as well as the steady state level of capital. Our findings are as follows … supply and the lower the investment. Although learning does not a¤ect the steady state level of capital since the uninformed …

This paper examines the role of spillover learning in shaping the value of exploratory versus incremental R&D. Using … provides an empirical diagnostic for assessing the relative value of evaluation versus learning, namely that if firms place … greater value on learning, then they should set a lower revenue threshold for investing in novel relative to incremental drugs …

This paper proposes a self-calibrated sparse learning approach for estimating a sparse target vector, which is a …

, we also find mutual fund investors learn much more slowly than Bayes' rule. Mutual fund investors' slow learning is not … lack of sophistication, but is likely due to a low payoff from learning. Our results suggest learning speed depends on the …

Portfolio selection has attracted increasing attention in machine learning and AI communities recently. Portfolio … selection using on-line learning method has been extensively investigated previously. Literature about portfolio selection using … recurrent reinforcement learning (RRL) is relatively scarce and existing ones heavily rely on single asset trading system to …

We survey the recent literature on learning in financial markets. Our main theme is that many financial market … uncertain and subject to learning. We discuss phenomena related to the volatility and predictability of asset returns, stock …

We survey the recent literature on learning in financial markets. Our main theme is that many financial market … uncertain and subject to learning. We discuss phenomena related to the volatility and predictability of asset returns, stock …