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sustainable business learning experience offered at DBS. The results suggest that students’ knowledge of sustainable business …
Persistent link: https://www.econbiz.de/10010961058
This paper provides evidence that learning about demand is an important driver of firms' dynamics. We present a simple … model with Bayesian learning in which firms are uncertain about their idiosyncratic demand parameter in each of the markets … their beliefs following a new demand shock, the younger they are. To test this learning mechanism, we make use of a specific …
Persistent link: https://www.econbiz.de/10011207950
We inject aggregate uncertainty — risk and ambiguity — into an otherwise standard business cycle model and describe its consequences. We find that increases in uncertainty generally reduce consumption, but they do not account, in this model, for either the magnitude or the persistence of the...
Persistent link: https://www.econbiz.de/10011208553
Persistent link: https://www.econbiz.de/10009609422
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input and output layers. Given the learning complexity of neural networks with the use of the back-propagation training … presents an additional input for the second RRBF. An unsupervised learning algorithm is proposed to determine the parameters of … the Radial Basis Function (RBF) nodes. The K-means unsupervised learning algorithm used for the hidden layer is enhanced …
Persistent link: https://www.econbiz.de/10010569693
. Three problems are examined: moral hazard, adverse selection, and asymmetric learning. One theoretical conclusion, drawn by … that adverse selection is related to exogenous characteristics, while asymmetric learning and moral hazard are due to …
Persistent link: https://www.econbiz.de/10010570021