Bateson. Learning requires to recognize a series of situations as identical and then to observe the effect of given variables … hypothesis to be continuously tested. This vision of bounds and learning has many implications for the debate on rationality and …

to fundamental equilibria. learning, recurrent hyperinflations, and macroeconomic policy to combat liquidity traps and …

continuous strategy spaces. We analyze the learning process of purely and impurely altruistic agents and find in both cases the … to experiment are key factors of the learning process. Copyright Springer Science+Business Media, Inc. 2006 …

information games of varying complexity. We call this discovery experience Eureka Learning. We use a change-point analysis to …

to analyze the social learning mechanism and its effect on the seller's pricing decision. Consumers follow an intuitive … non-Bayesian decision rule and, under some conditions, eventually learn the product's quality. We show how the learning … of this learning process, its dependence on the price, and the market heterogeneity with respect to quality preferences …

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 …

realistic assumption of boundedly rational learning where agents are assumed to use only a limited set of information to form … differences in the adjustment path to the shocks to the economy when agent form expectations using our learning approach compared …

Dynamic models of learning and adaptation have provided realistic predictions in terms of voting behavior. This study … aims at contributing to their scant empirical verification. We develop a learning algorithm based on bounded rationality … estimating the pattern of learning process through a two-stage econometric model. The analysis links voting behavior to past …