Showing 1 - 10 of 54
suggests a trade-off of using coarser versus finer representations of the strategy set when it comes to learning. …
Persistent link: https://www.econbiz.de/10012608716
This paper investigates a model of strategic interactions in financial networks, where the decision by one agent on whether or not to default impacts the incentives of other agents to escape default. Agents' payoffs are determined by the clearing mechanism introduced in the seminal contribution...
Persistent link: https://www.econbiz.de/10011812108
Persistent link: https://www.econbiz.de/10011301877
We assigned two cohorts of kindergarten students, totaling more than 24,000 children, to teachers within schools with a rule that is as-good-as-random. We collected data on children at the beginning of the school year, and applied 12 tests of math, language and executive function (EF) at the end...
Persistent link: https://www.econbiz.de/10011458063
technologies display learning effects and agents’ rate of learning is private knowledge. In a simple two-period model with full … commitment available to the principal, we show that whether learning effects are over- or under-exploited crucially depends on … whether learning effects increase or decrease the principal’s uncertainty about agents’ costs of production. Hence, what …
Persistent link: https://www.econbiz.de/10002521609
As addressing climate change becomes a high priority it seems likely that there will be a surge in interest in deploying nuclear power. Other fuel bases are too dirty (coal), too expensive (oil, natural gas) or too speculative (solar, wind) to completely supply the energy needs of the global...
Persistent link: https://www.econbiz.de/10009714380
simultaneously. We propose a decentralized, completely uncoupled learning process in such environments that leads to stable and … sell-side). This simple and intuitive learning process implements core allocations even though agents have no knowledge of …
Persistent link: https://www.econbiz.de/10009756276
The use of coarse categories is prevalent in various situations and has been linked to biased economic outcomes, ranging from discrimination against minorities to empirical anomalies in financial markets. In this paper we study economic rationales for categorizing coarsely. We think of the way...
Persistent link: https://www.econbiz.de/10010353550
are also able to learn structural properties of the games. -- Game Theory ; Learning ; Extrapolation …
Persistent link: https://www.econbiz.de/10008747644
broadcast or sent via shortest paths; only connection density matters. In contrast, homophily substantially slows learning based … friendship networks from the Adolescent Health dataset. -- Networks ; Learning ; Diffusion ; Homophily ; Friendships ; Social … Networks ; Random Graphs ; Mixing Time ; Convergence ; Speed of Learning ; Speed of Convergence …
Persistent link: https://www.econbiz.de/10008811020