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are in the dark about others' actions and the payoff structure.  This paper analyzes learning behavior in such 'black box … we study voluntary contributions games.  We identify two robust features of the players' learning dynamics: search …
Persistent link: https://www.econbiz.de/10011158994
We conduct a field experiment to investigate employers' trust in workers.  A sample of real entrepreneurs and workers from urban Ghana are respectively assigned to the roles of employers and employees.  Employers have the option to hire (trust) an employee, who can in turn choose whether to...
Persistent link: https://www.econbiz.de/10011159006
When the assignment of incentives is uncertain, we study how the regularity and frequency of rewards and risk attitudes influence participation and effort. We contrast three incentive schemes in a real-effort experiment in which individuals decide when to quit : a continuous incentive scheme and...
Persistent link: https://www.econbiz.de/10011161033
econometric learning scheme as proposed by Laubach, Tetlow, and Williams (2007) in the estimation and compare the results to those … form their expectations according to the learning approach. …
Persistent link: https://www.econbiz.de/10011161229
We explore the stability properties of interest rate rules granting an explicit response to stock prices in a New-Keynesian DSGE model populated by Blanchard-Yaari non-Ricardian households. The constant turnover between long-time stock holders and asset-poor newcomers generates a financial...
Persistent link: https://www.econbiz.de/10011163119
Only a Learning Organization (LO) will be capable of taking on the modern day challenges and to move ahead in this … highly dynamic and completive world. An LO is a consciously managed organization having learning as a vital component in its … whether an organization is an LO. The tool (Learning Organization Questionnaire) has been developed scientifically based on …
Persistent link: https://www.econbiz.de/10011165615
learning by policymakers, who update their beliefs on the basis of their own experience and of the policies adopted by other … countries. We emphasize the impact of financial crises on the learning process. The learning model developed in the paper … rational learning by policymakers. Finally, in evaluating the potential benefits and costs of capital controls in a given set …
Persistent link: https://www.econbiz.de/10011165647
Consumption-based asset pricing models with time-separable preferences can generate realistic amounts of stock price volatility if one allows for small deviations from rational expectations. We consider rational investors who entertain subjective prior beliefs about price behavior that are not...
Persistent link: https://www.econbiz.de/10011165807
new discoveries, practice tendencies, and better support the learning process. In this context, the paper present a …
Persistent link: https://www.econbiz.de/10011165941
Consumption based asset pricing models with time-separable preferences can generate realistic amounts of stock price volatility if one allows for small deviations from rational expectations. We consider rational investors who entertain subjective prior beliefs about price behavior that are not...
Persistent link: https://www.econbiz.de/10011166116