learning efficiency and posits several summative hypotheses. The simulation results validate these hypotheses, and we discuss …Under the bounded rationality assumption, a principal rarely provides an optimal contract to an agent. Learning from … others is one way to improve such a contract. This paper studies the efficiency of social network learning (SNL) in the …

This paper describes a classroom simulation of the FOMC meeting designed for an upper-level monetary economics class …

understand the model’s structure. This article shows how it is possible to build a macroeconomic agent-based simulation from … standard textbook Real Business Cycle model and how to utilize reinforcement learning to drive agents’ decision making. The … reinforcement learning algorithm of choice in this article is Q-learning, extended with fuzzy approximation. Q-learning is a simple …