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The literature on learning in unknown environments emphasises reinforcing on actions which produce positive results …
Persistent link: https://www.econbiz.de/10011517970
line with a reinforcement learning model, we find that subjects who won a random lottery took significantly more risk in a …
Persistent link: https://www.econbiz.de/10012607585
We study compliance dynamics generated by a large set of behavioral rules describing social interaction in a population of agents facing an enforcement authority. When the authority adjusts the auditing probability every period, cycling in cheating-auditing occurs: Intensive monitoring induces...
Persistent link: https://www.econbiz.de/10010347038
endogenously influence whether learning occurs through its policy choices (policy experimentation), future political competition …
Persistent link: https://www.econbiz.de/10010366185
findings are strategic uncertainty and incomplete learning. …
Persistent link: https://www.econbiz.de/10012612955
We develop a model of firm learning in volatile markets with noisy signals and test its predictions using historical … improvements from learning are faster where market signals are noisier. …
Persistent link: https://www.econbiz.de/10011580632
the nature of the task at the second date further shows that learning is unencumbered by a change in environment. Our …
Persistent link: https://www.econbiz.de/10011958789
We present a dynamic lifecycle model of women's choices with respect to partnership status, labour supply and fertility when a male partner's true tendency for abusive behaviour is unobserved. The model is estimated by the method of simulated moments using longitudinal data from the Avon...
Persistent link: https://www.econbiz.de/10011822638
We analyze whether different learning abilities of firms with respect to general equilibrium effects lead to different …
Persistent link: https://www.econbiz.de/10009781719
validated the model in that way, we calibrate it to eBay data to quantify the speed of learning. We find that ratings can be …
Persistent link: https://www.econbiz.de/10014556695