Traditional conceptions of learning focus on the formal learning that occurs in contexts such as school and higher … education. These however form only part of the learning experience for any individual. Indeed for adults, most learning will … learning is typically unplanned, or highly embedded within other activities such as work. The workplace is increasingly …

informed to uninformed firms, moderates asymmetric incentives in information acquisition and renders the aggregate learning … outcome approximately acyclical. Our results challenge the prevailing view of procyclical learning as the source of asymmetric … business cycles. -- information choice ; rational expectations ; asymmetric information ; Bayesian learning ; strategic …

by the strength of a private learning channel from prices, arising from the multidimensional sources of asymmetric … information, in relation to the usual public learning channel. When the private learning channel is strong (weak) in relation to …

We explore model misspecification in an observational learning framework. Individuals learn from private and public … develop a simple criterion to identify the asymptotic learning outcomes that arise when misspecification is more severe …. Depending on the nature of the misspecification, learning may be correct, incorrect or beliefs may not converge. Different types …

observing prices. In a noisy learning environment, price discrimination can be detrimental to the firm and beneficial to the …

When an agent receives information from a source whose accuracy might be either high or low, standard theory dictates … uncertain sources. A theory of belief updating where agents are insensitive and averse to uncertainty in information accuracy …