least squares learning when there are discrete shifts in monetary policy. We first derive the mean, variance and … autocovariances of the forecast errors from a recursive least squares learning algorithm when there are breaks in the structure of the … for the biases due to shifts in policy, the forecasts are consistent with least squares learning. …

Bidding challenges learning theories since experiences for the same bid vary stochastically: the same choice can result … aversion affects the adaptive dynamics. We analyze the impact of loss aversion in a simple auction for different learning … theories. Our experimental results suggest that a version of reinforcement learning which accounts for loss aversion fares as …

(1) Sustainability requires learning processes both on the individual and on the societal level. Not only individual … particular for the societal learning processes. Through this inter-sectoral program, politics, civil society and business firms … formulate four lessons to be learned and thereby contribute to the necessary learning processes both on the individual as well …