. Mainstream economists currently base their theory of expectation formation on the assumption of rationality Rationality implies … unbiased forecasts and learning from past mistakes. Psychologists, however, see people as guided by processes other than the … assumption of rationality. These processes often result in biased predictions and a failure to learn from past mistakes. This …

Equilibrium notions for games with unawareness in the literature cannot be interpreted as steady-states of a learning … that possesses a self-confirming equilibrium in extensive-form rationalizable strategies. This notion of equilibrium can be … interpreted as steady-state of both a discovery and learning process. …

are doomed to "overfit" the data and therefore engage in ineffective learning. The analysis places no computational or …

A novel neural architecture for prediction in industrial control: the 'Double Recurrent Radial Basis Function network … network on the prediction values confirmed that the proposed architecture minimizes the prediction error. The proposed R2RBF … input and output layers. Given the learning complexity of neural networks with the use of the back-propagation training …