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 …

Recent literature has questioned the existence of a learning foundation for the partially cursed equilibrium. This …

social interactions, and on behavioral foundations of learning and innovation." …

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 …

rationality behaviour by people. Quite recent developments in the Economics of Knowledge, i.e. the so-called learning models, have …

version of this idea, called interactive trial and error learning, which has the property that it implements Nash equilibrium …), the method requires no statistical estimation. Unlike a learning procedure proposed by Hart and Mas-Colell (2006), it … requires no knowledge of the other players' actions: learning proceeds purely by responding to one's own payoff history. The …