learning based on level-k reasoning.  We find a systematic positive relationship between cognitive ability and levels … ability to that of character skills, and find that both cognition and personality affect behavior and learning.  More …

realistic assumption of boundedly rational learning where agents are assumed to use only a limited set of information to form …

This paper studies the learning process carried out by two agents who are involved in many games. As distinguishing all …. Partitions of higher cardinality are more costly. A process of simultaneous learning of actions and partitions is presented and … equilibrium partitions and action choices characterized. Learning across games can destabilize strict Nash equilibria even for …

Dynamic models of learning and adaptation have provided realistic predictions in terms of voting behavior. This study … choice. We test through panel data methods an outcome-based learning mechanism based on the following assumptions: (a) people … affiliation reinforce this adaptive behavior. The analysis also investigates the intensity of the learning feedback …

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 …