With new products, consumers are often ignorant of quality, which firms may attempt to signal through their pricing. Simultaneously, firms are also ignorant of demand and so often experiment with their pricing to learn. Despite the well-known theoretical literature exploring these issues, there...

We study social learning between spouses using an experiment in Chennai, India. We vary whether individuals discover information themselves or must instead learn what their spouse discovered via a discussion. Women treat their 'own' and their husband's information the same. In sharp contrast,...

This textbook introduces the mathematical models and algorithms utilised in machine learning, covering supervised and unsupervised learning as well as reinforcement learning: In supervised learning we present ensemble models, artificial neural networks, deep neural networks, recurrent neural...

We investigate intertemporal strategic interactions if monopolies,cartels or oligopolies benefit from firm internal as well as external learning by doing. Our analysis is carried out for a linear learningcost curve because, it allows the derivation of the linear Markov perfectequilibrium (LMPE)....

Previous research shows that humans display complexity aversion. In this article, we test for the presence of complexity aversion and its determinants in the context of voluntary climate action, where individual choices interact with the complex regulatory framework of the EU Emission Trading...

Utilizing the launch of mobile wealth management services in China in 2013 as a shock to financial education, we analyze a panel of 16,440 households through a difference-in-differences strategy to examine how learning motivations and costs affect financial knowledge learning. Results show that...

In this paper, we develop a novel learning model that combines directional learning and automata reinforcement. We show that directional learning can be defined on a cyclic order in addition to its original domain (interval) and that pattern learning by reinforcing parts of automata [Chernov,...

For many new products or products with multiple attributes, learning the price is often easier than learning one's willingness to pay. We model a market in which consumers face a transportation cost to discover a seller's price, and then have the option to pay a learning cost to discover the...

The development of the global tourism industry rapidly makes the importance of English communication skill at tourism workplace. State Polytechnic of Lampung has provided English subjects 1, 2, and 3 for students. Unfortunately, the implementation has not given any significant contribution to...

Despite the potential for personalized learning, e-learning courses often suffer from low completion rates. In order to address this issue, we propose and empirically test a theoretical mechanism that examines how gamification can enhance the completion rate in adaptive learning courses by...