firm must transfer a large part of the surplus to the inactive firm in order to limit pre-emption. Learning; Pre …

the presence of learning by policyholders about their risk type, such a coverage-accident correlation exists only for …

strategy relative to more traditional learning dynamics, and establish that, paradoxically, when sellers are strategic, the …

different learning models. The design is implemented in two-stage asymmetric-information games. Subjects' information …-seeking behavior reveals that they tend to choose certain information sets that are consistent with belief-based learning theories … rather than reinforcement theories. A hybrid-learning model with information acquisition that is a variant of the Generalized …

rationality behaviour by people. Quite recent developments in the Economics of Knowledge, i.e. the so-called learning models, have …