current purchases: learning, habit persistence, and inventory dynamics. This work has been reviewed extensively in papers by … network members (“social learning”), experience with related products (“correlated learning” or “information spillovers … with this broader view of dynamics and learning …

Learning models extend the traditional discrete choice framework by postulating that consumers have incomplete … literature on learning models that has developed over the past 20 years, using the model of Erdem and Keane (1996) as a unifying … framework. We described how subsequent work has extended their modeling framework, and applied learning models to a wide range …

agent they consider is characterized by an imperfect learning model. An interesting question that emerges is if, and to what …

Observational learning theories often assume that people's actions can be observed. However, in many naturally … learning under optional disclosure conditions. We further examine empirically how individuals decide whether to reveal …

This paper applies a social learning model to the optimal consumption rule of Allen & Carroll (2001), and delivers … results in the literature, both in terms of speed of convergence and parsimony of the learning model. The learning model … exhibits several appealing features: it is frugal, easy to apply to a range of learning objectives, requires few procedures and …

learning model. The first section develops a dynamic model combining asset accumulation and learning to explain the parents … child's ability. The model infers that, with enough time spent learning, information can improve parents' welfare. This can … investigates college saving behavior when learning is present. Data suggest pessimistic and/or rich parents might reduce the level …