market equilibrium and find that the average learning curve is S-shaped: learning is slow initially, intensifies rapidly and … finally converges slowly to the truth. We show that increasing public information always slows down learning in the long run …

from a VAR estimated on US data. The paper investigates whether introducing bounded rationality and learning generates … comparing the model with learning with a version that imposes rational expectations. Given that the asymptotic behavior of the …

We introduce learning based on genetic algorithms in a principal-agent model of optimal contracting under moral hazard … explore is to explicitly model the principal's learning process about the agent's preferences and the production technology … learning algorithms lead to convergence to the underlying optimal contract under full rationality as studied by the mechanism …

In the canonical learning model, the multi-armed bandit with independent arms, a decision maker learns about the … interest, however, involve learning from individual experience and the experience of others. This paper shows how learning in …

behavior and affect pricing strategies: beliefs, switching costs, experiential learning, and (ex-ante) mistakes in tariff …