Showing 1 - 10 of 36
We consider a quantity-setting duopoly market where firms lack perfect knowledge of the market demand function. They use estimated and therefore misspecified demand functions instead and determine their optimal strategies from the corresponding subjective payoff functions. The central issue of...
Persistent link: https://www.econbiz.de/10009452463
properties of boundedly rational heterogeneous agents. We combine an adaptive learning process in a modified cobweb model within …
Persistent link: https://www.econbiz.de/10009442020
Scientific evidence clearly indicates that consumption of raw milk carries substantialdisease-inducing health risks. While federal U.S. policy mandates that milk moving in interstatecommerce be pasteurized; within 41 of 50 states, raw milk can be obtained for consumption.Warning labels...
Persistent link: https://www.econbiz.de/10009442762
Past research in the field of information systems has explored factors and conditions that are relevant to decision-making in many contexts. However, very little is known about how executives consider, weigh, and integrate these factors. One current school of thought holds that intuition and...
Persistent link: https://www.econbiz.de/10009484511
In this paper, we show that a simple model of smoothly state-dependent pricing generates a distribution of price adjustments similar to that observed in microeconomic data, both for low and high inflation. Our setup is based on one fundamental assumption: price adjustment is more likely when it...
Persistent link: https://www.econbiz.de/10012530218
The applicability of learning and experience curves for predicting future costs of solar technologies is assessed, and … systems manufacture are discussed, and procedures for using learning and experience curves to predict costs are outlined … learning and aggregated cost curves for these surrogates estimated. If the surrogate learning curves apply, they can be used to …
Persistent link: https://www.econbiz.de/10009435662
hope that this analysis will facilitate learning across states and help state fund managers develop more effective and more …
Persistent link: https://www.econbiz.de/10009435806
This report presents recommendations relative to the use of expert systems and machine learning techniques by the … machine learning techniques were also reviewed. Two recommendations are given: (1) BLS should use the expert system shell … study to evaluate the potential of machine learning techniques to create and maintain the approximately 350 ELI …
Persistent link: https://www.econbiz.de/10009435890
machine learning. So far, however, only little work has been done to quantify the efficiency of this tool for non … vector machines that use the pinball loss. Here, it turns out that we obtain learning rates which are optimal in a min …
Persistent link: https://www.econbiz.de/10009435965
We describe the use of machine learning methods in the analysis of spatial soil fertility, soil physical …
Persistent link: https://www.econbiz.de/10009436077