financial markets to learn the technology; once learned, financial innovation boosts adoption further. Financial learning …

counterpart of the exchangeable Bayesian learning model is also described. …

propose a slight generalization of the adaptive learning model in order to explain, besides the long run equilibrium observed … examples within the proposed environment that improve upon the explanatory power of existing adaptive learning models. …

€™ 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 …

ii) the behavioral learning approach, which focuses on reinforcements at the individual's level. The current work is part …

to the greater amount of learning that is required in adopting the new technology. …