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learning in guiding selective attention and market dynamics. We confirm that attention focuses on options that quickly achieve …
Persistent link: https://www.econbiz.de/10013026798
We build a tractable heterogeneous-firm business cycle model where firms face Knightian uncertainty about their profitability and learn it through production. The cross-sectional mean of firm-level uncertainty is high in recessions because firms invest and hire less. The higher uncertainty...
Persistent link: https://www.econbiz.de/10012977266
search, or consumer learning …
Persistent link: https://www.econbiz.de/10013210552
social learning in which the consumption decisions of individuals depend on information they receive from their peers. The … pieces of evidence are consistent with social learning. First, sales of movies with positive surprise and negative surprise …, social learning appears to be an important determinant of sales in the movie industry, accounting for 38% of sales for the …
Persistent link: https://www.econbiz.de/10012772457
Learning or experience curves are widely used to estimate cost functions in manufacturing modeling. They have recently … shows that there is a fundamental statistical identification problem in trying to separate learning from exogenous … technological change and that the estimated learning coefficient will generally be biased upwards. Second, we present two empirical …
Persistent link: https://www.econbiz.de/10012758017
We examine the role of generalized constant gain stochastic gradient (SGCG) learning in generating large deviations of …
Persistent link: https://www.econbiz.de/10013129136
learning between the first and the nth attempt while controlling for selection into retaking in terms of observed and … unobserved characteristics. We find large learning gains measured in terms of improvements in the exam scores, especially among …
Persistent link: https://www.econbiz.de/10013072580
We examine how a social stigma of seeking information can inhibit learning. Consider a Seeker of uncertain ability who …
Persistent link: https://www.econbiz.de/10012909127
We analyze the behavior of game-show contestants who play a one-shot game called Friend or Foe. While it is a weakly dominant strategy not to cooperate, almost half the contestants on the show choose to play friend.' Remarkably, the behavior of contestants remains unchanged even when stakes are...
Persistent link: https://www.econbiz.de/10013232880
The growing use of on-line educational content and related video services has changed the way people access education, share knowledge, and possibly make life decisions. In this paper, we characterize how video content affects individual decision-making and willingness to share in the context of...
Persistent link: https://www.econbiz.de/10013051293