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and/or enhancing a scholarly approach to teaching and learning. Design/methodology/approach – The reflective practitioner … to teaching and learning by academics new to the environment. Data on the process were collected using a survey …
Persistent link: https://www.econbiz.de/10008466102
, leverage, and asset prices larger than predicted under either rational expectations without learning or with learning but …
Persistent link: https://www.econbiz.de/10008466355
policy-makers, learning from the experience of the 1970s, eschewed activist policies in favour of policies that concentrated …
Persistent link: https://www.econbiz.de/10005662108
There exists considerable evidence from educational measurement theorists that constructed-response questions add little new information about student achievement beyond that provided by multiple- choice questions. The purpose of this paper is to view this issue through the eyes of an economist,...
Persistent link: https://www.econbiz.de/10005663927
models of expectations formation that rely on econometric learning. Some apparently natural policy rules turn out to imply … expectational instability of private agents' learning. We use the standard New Keynesian model to illustrate this problem and survey … learning. We then consider some practical concerns such as measurement errors in private expectations, observability of …
Persistent link: https://www.econbiz.de/10005666454
We develop a model in which an entrepreneur learns about the average profitability of a private firm before deciding whether to take the firm public. In this decision, the entrepreneur trades off diversification benefits of going public against benefits of private control. The model predicts...
Persistent link: https://www.econbiz.de/10005666477
agents forecast using adaptive learning. Because of the zero lower bound on interest rates, active interest rate rules are … learning dynamics we find the additional possibility of a liquidity trap, in which the economy slips below this low inflation …
Persistent link: https://www.econbiz.de/10005666651
We consider a pure exchange economy, where for each good several trading institutions are available, only one of which is market-clearing. The other feasible trading institutions lead to rationing. To learn on which trading institutions to coordinate, traders follow behavioural rules of thumb...
Persistent link: https://www.econbiz.de/10005666746
Professional standards vary across professions and also change over time. One profession which has remained perfectionist is classical music, where the amount of practising is striking compared with other professions. Practising is a matter of increasing the reliability of ones skills rather...
Persistent link: https://www.econbiz.de/10005666828
learning behaviour may in turn be responsible for unemployment. Our analysis shows how the process of information acquisition …
Persistent link: https://www.econbiz.de/10005667031