-negative learning cost and spending one period. If the agent has time-consistent preferences, she always chooses to learn whenever the … learning is beneficial. If the agent has time-inconsistent preferences, however, she may procrastinate such a learning …), the procrastination of learning can occur even when the learning cost is zero. The procrastination also leads to a non …

learning schemes can be compared in terms of the consumption behaviour that they yield. We show that neither purely adaptive … learning, nor social learning based on imitation can ensure satisfactory consumption behaviours. By contrast, if the agents can … terms of its regularity, and its ability to improve performance (which is as a clear manifestation of learning). Our results …

This paper extends choice theory by allowing for the interaction between cognitive costs and imitative dynamics. The … order to disentangle different choice dynamics, they devise a laboratory experiment with a novel experimental task in which …

. We find that the firm encourages social learning for a greater range of beliefs and has greater expected revenue when it … faces consumers that can delay their purchase decision versus when they can't …

for this notion of ‘motivated procrastination’. In a longitudinal experiment over four weeks, individuals must complete a …