endogenously influence whether learning occurs through its policy choices (policy experimentation), future political competition … unilaterally, but faces competition from a political opponent in the future. Both parties care about voters payoffs, but they have … different beliefs about how policy choices will map into future economic outcomes. We show that when the incumbent party can …

form motivated beliefs in order to improve their subjective anticipation of the future political outcome. In equilibrium … evidence produces a temporary polarization of beliefs, but that disclosing unequivocal information eliminates the disagreement. …

multi-dimensional beliefs possible, we develop tools for studying learning under high-dimensional misspecified models. …' successes. In our model, both the agent's information and his beliefs are multi-dimensional, allowing us to study interactions … settings. Third, the agent's beliefs are subject to "bias substitution," whereby forces that decrease his bias regarding one …

We report an experiment on a decision task by SAMUELSON and BAZERMAN (1985). Subjects submit a bid for an item with an … unknown value. A winner s curse phenomenon arises when subjects bid too high and make losses. Learning direction theory can … quantitative predictions on the basis of learning direction theory. We also look at monotonic ladder processes. It is shown that …

. -- coordination ; heterogeneity ; adaptive learning ; non-linear system ; feedback …

Recently there has been much theoretical and experimental work on learning in games. However, learning usually means … learning about the strategic behavior of opponents rather than learning about the game as such. In contrast, here we report on … an experiment designed to test whether players learn a) the relevant features of the payoff structure of a 2x2 game (e …

This exercise offers an innovative learning mechanism to model economic agent's decision-making process using a deep … reinforcement learning algorithm. In particular, this AI agent is born in an economic environment with no information on the … adjusting its actions accordingly (i.e., online learning). I illustrate that the economic agent under deep reinforcement …

competition to represent the interaction of these beliefs with platform selection. Both parties gain more from appealing to the …. Instead, they make their vote choice on the basis of (imprecise) subjective beliefs. I propose a new model of partisan … voters with more precise beliefs over their platform. Candidates viewed with less precision overall gain relatively more from …