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For many years psychological studies of the learning process have used a simulated medical diagnosis task in which … models. Using 123 subjects each in 480 trials, we compare five existing learning models plus several variants, including the …
Persistent link: https://www.econbiz.de/10014216348
We present an experiment for the study of learning in a complex task which requires both memorisation and the ability …
Persistent link: https://www.econbiz.de/10014223185
The article presents certain ways of understanding a learning organization and its characteristic features. It also … contains the results of a study of twenty–seven Polish enterprises facilitating diagnosis of their learning ability. It has … been shown that learning ability is connected with the performance of the enterprise. The study results make possible the …
Persistent link: https://www.econbiz.de/10014119347
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...
Persistent link: https://www.econbiz.de/10014107895
We analyze a dynamic principal-agent problem with moral hazard and private learning. Each period the agent faces a …
Persistent link: https://www.econbiz.de/10014135182
We have developed a method for directly learning relative preferences from histories of comparison information without …
Persistent link: https://www.econbiz.de/10014140630
Traditional macroeconomic learning algorithms are misspecified when all agents are learning simultaneously. In this … paper, we produce a number of learning algorithms that do not share this failing, and show that this enables them to learn … almost any solution, for any parameters, implying learning cannot be used for equilibrium selection. As a by-product, we are …
Persistent link: https://www.econbiz.de/10014140885
Retailers may face uncertainty about the profitability of local markets, which provide opportunities for learning when … retail entry with uncertainty and learning (from others). Using novel data about fast food chains, I estimate the model with … firm beliefs about market profitability. The estimates confirm the presence of uncertainty and learning. Most importantly …
Persistent link: https://www.econbiz.de/10012905791
of Player 2. We say that beliefs exhibit higher-order learning if the beliefs of Player k about the beliefs of Player k-1 …, higher-order learning fails even after a large number of signals is observed. We argue that this result is driven by base …-rate neglect, heterogeneity in updating processes, and subjects' failure to correctly take learning rules of others into account …
Persistent link: https://www.econbiz.de/10013219936
We propose a model of learning when experimentation is possible, but unawareness and ambiguity matter. In this model …
Persistent link: https://www.econbiz.de/10012928769