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We consider partial bandwagon properties in the context of coordination games to capture the idea of weak network externalities. We then study a local interactions model where agents play a coordination game following a noisy best-reply process. We show that globally pairwise risk dominant...
Persistent link: https://www.econbiz.de/10009471891
. Learning, mutation, and long run equilibria in games. Econometrica 61, 29–56], where agents follow best-response decision rules …
Persistent link: https://www.econbiz.de/10009471754
We present an experiment in which extrinsic information (signals) may generate sunspot equilibria. The underlying coordination game has a unique symmetric non-sunspot equilibrium, which is also risk-dominant. Other equilibria can be ordered according to risk dominance. We compare treatments with...
Persistent link: https://www.econbiz.de/10009467132
My thesis consists of three essays that investigate strategic interactions between individuals engaging in risky collective action in uncertain environments. The first essay analyzes a broad class of incomplete information coordination games with a wide range of applications in economics and...
Persistent link: https://www.econbiz.de/10009477741
The theory and practice that embodies "learning organizations" can be applied to developing and implementing effective … natural resource policy and management. A learning organization is a group of people who are continually enhancing their … capacity to create the results they want. At the heart of learning organizations is systems thinking. This paper applies the …
Persistent link: https://www.econbiz.de/10009429522
Neoclassical analysis of the labor market and its institutions. A systematic development of the theory of labor supply, labor demand, and human capital. Topics discussed also include wage and employment determination, turnover, search, immigration, unemployment, equalizing differences, and...
Persistent link: https://www.econbiz.de/10009432547
class of sparsity based regularization algorithms. More precisely, we study the minimization of learning functionals that … become popular in machine learning since they allow to enforce various kinds of sparsity properties in the solution … regularization (and several variants), multiple kernel learning and multi-task learning. Finally, some features of the proposed …
Persistent link: https://www.econbiz.de/10009432897
The Department of Petroleum Engineering at Curtin University had its inception in 1998. For the last 10 years,it lectured the Masters in petroleum engineering course to local Australian and international students, graduatingmore than 200 students. The rapid increase in the price of oil during...
Persistent link: https://www.econbiz.de/10009434850
The applicability of learning and experience curves for predicting future costs of solar technologies is assessed, and … systems manufacture are discussed, and procedures for using learning and experience curves to predict costs are outlined … learning and aggregated cost curves for these surrogates estimated. If the surrogate learning curves apply, they can be used to …
Persistent link: https://www.econbiz.de/10009435662
hope that this analysis will facilitate learning across states and help state fund managers develop more effective and more …
Persistent link: https://www.econbiz.de/10009435806