Different theories of expectation formation and learning usually yield different outcomes for realized market prices in … dynamic models. The purpose of this paper is to investigate expectation formation and learning in a controlled experimental …

understand better how subjects with different cognitive abilities learn differently, we estimate a structural model of learning … ability to that of character skills, and find that both cognition and personality affect behavior and learning. More agreeable …

paradigmatic instance of observational learning. There are three players, arranged in sequence, each of whom wins a fixed price if … learning ; error cascades …

We designed four observational learning experiments to identify the key channels that, along with Bayes … observational learning accounts for the phenomenon of excessive herding, it captures well herd behavior with medium quality signals …

periods of varying length that full accounts of subjects' learning requires the consideration of, both, 'period time' and …

This paper introduces a model of boundedly rational observational learning, which is rationally founded and applicable …

concerning the role of those characteristics in determining learning, diffusion, decisions, and resulting behaviors. We also …

Our purpose here is to engage in a cross-disciplinary discussion between Austrian economics and social network theory …

, and showed that it gives a lower bound on the time it takes for a certain natural best-reply or learning process operating …

We study learning and influence in a setting where agents communicate according to an arbitrary social network and …