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We analyze households' responses to an unanticipated change in consumption opportunities and evaluate their implications for the nature and formation of preferences. We study the tariff experiment conducted by South Central Bell where local telephone tariffs were introduced for the first time in...
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identify when it is the content of a model is wrong and when it is the context. Some principles of learning to identify useful …
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-side learning (i.e., platform learning the efficacy of new content) and (2) demand-side heterogeneous churning (i.e., different … understand the interplay between churning while learning and how it impacts the long-term user engagement. In addition to … characterizing the structure of the optimal learning policy for the platform recommendation problem (i.e., which users to experiment …
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