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firms survive and others do not than does neoclassical economics. At the heart of the evolutionary theory isthe view that …
Persistent link: https://www.econbiz.de/10010533203
Different theories of expectation formation and learning usually yield different outcomes for realized market prices in … dynamic models. The purpose of this paper is to investigate expectation formation and learning in a controlled experimental …
Persistent link: https://www.econbiz.de/10011333266
We develop a theoretical framework for studying the effects of interaction on the quaJity of decision-making by monetary policy committees. We show that interaction, i.e. increasing one's expertise through an exchange of views, is most likely not to result in interdependent voting...
Persistent link: https://www.econbiz.de/10011334835
that while the possibility of learning increases activism,the existence of political instability distorts learning … political parties does not always decreaseactive learning. In the case with endogenous elections we find that electoral concerns …
Persistent link: https://www.econbiz.de/10011316875
, Simpson, and Gelman(2018), to a setting where dynamic learning occurs about features of predictive densities of possibly … misspecified models. This improves the averaging process of good and bad model forecasts. We summarise how this learning is done in … connection with machine learning. We illustrate our suggestion using results from Ba̧stürk, Borowska, Grassi, Hoogerheide, and …
Persistent link: https://www.econbiz.de/10011895574
We study social learning in a social network setting where agents receive independent noisy signals about the truth …
Persistent link: https://www.econbiz.de/10011801379
Persistent link: https://www.econbiz.de/10003392181
motivation may undermine intrinsic motivation. The self-perception (SP) theory developed by Bem (1972) explains this finding. The … crux of this theory is that people remember their past decisions and the extrinsic rewards they received, but they do not … recall their intrinsic motives. In this paper I show that the SP theory can be modeled as a variant of a conventional dynamic …
Persistent link: https://www.econbiz.de/10011349711
growth, learning, and survival using monthly sales histories from 305 Texas bars. We find that heterogeneity in firms' pre … remainder. We find no evidence of entrepreneurial learning. Variation of the firms' fixed costs consistent with an annual lease …
Persistent link: https://www.econbiz.de/10011343305
Persistent link: https://www.econbiz.de/10008736921