learning mechanisms. On the one hand, real options theory suggests a process based on financial data. On the other hand …

Roy model in which learning on the job induces workers to shift more time towards job-specific activities. Using a short … switch to another job by up to 19 pp. Second, task-based learning only pays off with respect to acquisition of abstract … skills and is associated with a return of up to 2-3% with each year of experience. Third, gains from task-based learning are …

rational expectations paradigm and are also not in line with the predictions of the rational Bayesian learning paradigm. We … therefore introduce a model of Bayesian learning which combines rational learning with the possibility that the interpretation …

major learning mechanisms. On the one hand, real options theory suggests a process based on financial data. On the other …

We develop a model of firm learning in volatile markets with noisy signals and test its predictions using historical … improvements from learning are faster where market signals are noisier. …