ability. Heidhues et al. (2018) characterise overconfident and underconfident individuals' equilibrium beliefs and learning …, whose effect they cannot separately identify. At the same time, many individuals have incorrect beliefs about their own … about the marker's accuracy (the fundamental) over time. We use machine learning to identify heterogeneous effects …

Decisions under ambiguity depend on the beliefs regarding possible scenarios and the attitude towards ambiguity. This … paper exclusively focuses on beliefs, and beliefs are measured independently from attitudes, in contrast to many previous … environment. As a main contribution, we recover the entire belief distribution of individual subjects and scrutinize how beliefs …

This paper investigates beliefs in an ambiguous environment. In contrast to many previous studies, the beliefs … distribution of subjective beliefs and examine how beliefs are updated, incorporating new information. We find that beliefs and … updating rules are quite heterogeneous. For most subjects, we can reject the objective equality hypothesis that beliefs are …

all stylized facts observed in aggregate price fluctuations and individual forecasting behaviour in recent learning to …. -- Learning ; heterogeneous expectations ; genetic algorithms ; experimental economics …

We propose a framework in order to econometrically estimate case-based learning and apply it to empirical data from … twelve 2 × 2 mixed strategy equilibria experiments. Case-based learning allows agents to explicitly incorporate information …-based learning to other learning models (reinforcement learning and self-tuned experience weighted attraction learning) while using …