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 …

The paper investigates social-learning when the information structure is not commonly known. Individuals repeatedly … interact in social-learning settings with distinct information structures. In each round of interaction, they use their … behavior in the long-run if and only if individuals distinguish social-learning settings and receive rich feedback after each …

We report two information cascade game experiments that directly test the impact of altruism on observational learning … opportunities to learn about the strategies played by observed which amplifies the impact of altruism on observational learning. …

. We find that the firm encourages social learning for a greater range of beliefs and has greater expected revenue when it …

Crowd-sourced recommender platforms organize social learning about products by recommending items based on information … study how market structure affects experimentation, social learning, and welfare. I present a model of competing platforms …

Information-based reinforcement learning is effective for trading and price discovery in limit order markets. It helps …-run momentum of the informed market orders. The learning increases liquidity supply of uninformed and liquidity consumption of … price discovery. The results shed a light into the market practice of using machine learning in limit order markets …

This paper studies how acquisition of non-fundamental information (learning about noise) affects financial markets. We … heterogeneous quality and who optimally allocate learning capacity between fundamentals and noise. We demonstrate that learning … (imprecise) compared to their prior non-fundamental information learn only about fundamentals (noise) and ii) learning about …

Observational learning theories often assume that people's actions can be observed. However, in many naturally … learning under optional disclosure conditions. We further examine empirically how individuals decide whether to reveal …

speed of social learning and the seller's incentives to establish reputations. When each buyer privately observes a bounded … subset of the seller's past actions, the speed of social learning is strictly positive but vanishes to zero as the seller …, the speed of learning is bounded from below and a patient seller can secure high returns from building reputations. My …

subsidy to labour and a simultaneous tax on entrepreneurs to curb excessive entry, with learning a subsidy-only policy can be …-increasing faster learning. …