agents learn about the new policy via Bayesian updating, and we study how learning affects the nature of the transition and … from initial beliefs, however, is more constrained. -- inflation ; monetary policy ; learning ; policy reforms …

We study social learning and innovation in an overlapping generations model, emphasizing the trade-off between marginal … that sustaining radical innovation in the long-run requires external intervention. -- Social Learning ; Innovation …

We study social learning and innovation in an overlapping generations model, emphasizing the trade-off between marginal … that sustaining radical innovation in the long-run requires external intervention. -- Social Learning ; Innovation …

observed countries. In equilibrium, tax rates are inefficiently low if the value of learning is positive and the pace of … learning increases in the level of tax rates (because higher tax rates trigger larger tax base effects which helps learning … learning). If, due to fiscal externalities, the value of learning is negative, the opposite may be true. From the viewpoint of …

Support Vector Machines (SVMs) have become a popular tool for learning with large amounts of high dimensional data … terms of time and memory consumption or because the SVM may be used in an online learning setting. In this paper an approach … for incremental learning with Support Vector Machines is presented, that improves existing approaches. Empirical evidence …

paradigmatic instance of observational learning. There are three players, arranged in sequence, each of whom wins a fixed price if … learning ; error cascades …