We study the intergenerational accumulation of knowledge in an infinite-horizon model of communication. Each in a … from the previous players to fathom the past. Each player is therefore both a receiver of information with respect to his … makers. We ask whether there exist "full learning'' equilibria - ones in which the players' posterior beliefs eventually …

This paper systematically analyzes and enriches the observational learning paradigm of Banerjee (1992) and Bikhchandani … is infinite when a correct herd is inevitable. (4) We prove that long-run learning is unaffected by background noise from … a twin observational pathology generically appears: Confounded learning. It may well be impossible to draw any further …

present simple reinforcement and evolutionary learning agents that learn strategies with better than Nash payoffs …

The article presents certain ways of understanding a learning organization and its characteristic features. It also … contains the results of a study of twenty–seven Polish enterprises facilitating diagnosis of their learning ability. It has … been shown that learning ability is connected with the performance of the enterprise. The study results make possible the …

In this paper we present experimental evidence suggesting that observational learning (i.e. learning by not doing but … by observing) may outperform learning by doing …

We report on an experiment testing the empirical relevance of least squares (LS) learning, a common way of modelling … in the independent variable of the model. We consider several alternatives to least squares learning and find evidence …

a large negative impact on long-run learning outcomes. We consider a population of agents who obtain information about … information aggregation can be improved by simplifying agents’ learning environment. The key feature behind our findings is that …We exhibit a natural environment, social learning among heterogeneous agents, where even slight misperceptions can have …

We analyze a dynamic principal-agent problem with moral hazard and private learning. Each period the agent faces a …

possibility of learning, or he tries to improve his information. Regardless of the outcome in the first period, he never … asymmetric information. The regulator is able to learn about the unknown cost parameter by using a quota that is slack with …

We have developed a method for directly learning relative preferences from histories of comparison information without … option availability in supplying auxiliary information by explaining all major categories of context effects, as well as … predicting novel context effects. Applying our theory to predicting choices under uncertainty leads to good fits with empirical …