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Learning through period and physical time

Backhaus, Teresa; Huck, Steffen; Leutgeb, Johannes Josef; … - 2022

periods of varying length that full accounts of subjects' learning requires the consideration of, both, 'period time' and …

Persistent link: https://www.econbiz.de/10013326949

An experiment on social mislearning

Eyster, Erik; Rabin, Matthew; Weizsäcker, Georg - 2018

We investigate experimentally whether social learners appreciate the redundancy of information conveyed by their observed predecessors' actions. Each participant observes a private signal and enters an estimate of the sum of all earlier-moving participants' signals plus her own. In a first...

Persistent link: https://www.econbiz.de/10011899219

Optimal monetary policy using reinforcement learning

Hinterlang, Natascha; Tänzer, Alina - 2021

This paper introduces a reinforcement learning based approach to compute optimal interest rate reaction functions in …

Persistent link: https://www.econbiz.de/10012792732

Technological learning systems, competitiveness and development

Viotti, Eduardo Baumgratz - 2015

This paper aims to contribute to the understanding of the main specificities of latecomers' processes of technological development. Building on the basis of this understanding, it searches for the reasons why the conventional measures of Science and Technology (S&T) policies, usually inspired by...

Persistent link: https://www.econbiz.de/10012023794

Farms versus firms in economic development : the assumptions and consequences of learning dynamics in agriculture and mnufacturing

Srinivas, Smita; Vieira Filho, José Eustáquio Ribeiro - 2015

Economic development theories and their learning frameworks differently address farms and firms. This article argues …-recognizes learning and innovation in agriculture and its crossover supplier segments with manufacturing. The sections analyze …. It then analyzes the learning implications of two theories - unlimited labor and induced innovation - on economic …

Persistent link: https://www.econbiz.de/10012057489

Learning about ones' self

Le Yaouanq, Yves; Schwardmann, Peter - 2019

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/10011976128

Cognitive ability and perceived disagreement in learning

Evdokimov, Piotr; Garfagnini, Umberto - 2023

disagreement regardless of cognitive ability. Learning about the state of the world has little effect on the evolution of perceived …

Persistent link: https://www.econbiz.de/10014477417

Learning about fiscal policy and the effects of policy uncertainty

Hollmayr, Josef; Matthes, Christian - 2013

The recent crisis in the United States has often been associated with substantial amounts of policy uncertainty. In this paper we ask how uncertainty about fiscal policy affects the impact of fiscal policy changes on the economy when the government tries to counteract a deep recession. The...

Persistent link: https://www.econbiz.de/10010211956

Inflation expectations, disagreement, and monetary policy

Hoffmann, Mathias; Hürtgen, Patrick - 2016

Survey data on inflation expectations show that: (i) private sector forecasts and central bank forecasts are not fully aligned and (ii) private sector forecasters disagree about inflation expectations. To reconcile these two facts we introduce dispersed information in a New Keynesian model,...

Persistent link: https://www.econbiz.de/10011520661

It's not my fault! : self-confidence and experimentation

Hestermann, Nina; Le Yaouanq, Yves - 2018 - Current draft: October 8, 2018

We study the inference and experimentation problem of an agent in a situation where the outcomes depend on the individual's intrinsic ability and on an external variable. We analyze the mistakes made by decision-makers who hold inaccurate prior beliefs about their ability. Overconfident...

Persistent link: https://www.econbiz.de/10011930663