cues and redundancy). An analysis of learning studies reveals that the most effective form of feedback is information about …

with experience. We then reject increasing confidence in private information or learning about the structure of the …

This paper investigates the role of learning by private agents and the central bank (two-sided learning) in a New … these beliefs through a statistical learning algorithm as new information becomes available. We study the short-run dynamics … demonstrate that two-sided learning can generate substantial increases in volatility and persistence, and alter the behavior of …

used by both systems as well as the characteristics of environments that facilitate or hinder accurate learning by the …

We formulate an evolutionary learning process in the spirit of Young (1993a) for games of incomplete information. The … double auction. For both games selection by evolutionary learning is in favor of Bayesian equilibria where some types of …

different treatments and observe that convergence toward equilibrium is driven by learning through the information about the …

-response and reinforcement learning but not under fictitious play. The simulations perform well under flat and upward …-slopping supply bidding, and also for plausible demand elasticity assumptions. Learning is influenced by the number of bids per plant …

We study the statistical properties of three estimation methods for a model of learning that is often fitted to …