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€™ expertise and learning patterns in using e-markets. Traders face a double uncertainty. In the traditional channel, intrinsic … successively sketch two scenarii: i) We first analyse a situation where learning is strictly individual. A trial …-and-errors learning pattern may have an ambiguous impact. On the one hand, it is found to improve the diffusion of electronic markets. On …
Persistent link: https://www.econbiz.de/10005518532
Cultures can be viewed as sets of beliefs and techniques allowing societies to cope with their environment. We here propose simple and explicit schemes showing how fishermen could encode beliefs about a renewable resource, fish. We then discuss the dynamics of the society, represented by...
Persistent link: https://www.econbiz.de/10005518551
We investigate an algorithmic model based first of all on Luhmann?s description of how so-cial order may originate [N. Luhmann, Soziale Systeme, Frankfurt/Main, Suhrkamp, 1984, pp. 148-179]. In a basic ?dyadic? setting, two agents build up expectations during their interac-tion process. First,...
Persistent link: https://www.econbiz.de/10005518620
ii) the behavioral learning approach, which focuses on reinforcements at the individual's level. The current work is part …
Persistent link: https://www.econbiz.de/10005518656
to the greater amount of learning that is required in adopting the new technology. …
Persistent link: https://www.econbiz.de/10005518948
In a dynamic asset pricing model informed traders receive a noisy signal of the value of a risky asset while uninformed traders learn to extract the information from the price. The relative popularity of the two strategies depends on past performance. The asymptotic properties of the model and...
Persistent link: https://www.econbiz.de/10005519058
The quality of the education a student gets at a college or university depends both on the school's resources - faculty, facilities, libraries - and importantly on the quality of his or her fellow students. He or she simply learns more - better, faster, more deeply - in the company of able...
Persistent link: https://www.econbiz.de/10005519084
passive learning stochastic models. DUALPC provides a personal computer version of the DUAL software which solves both …
Persistent link: https://www.econbiz.de/10005523142
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