Similar Search Results

Dynamic Pricing and Demand Learning with Limited Price Experimentation

Cheung, Wang Chi - 2017

In a dynamic pricing problem where the demand function is not known a priori, price experimentation can be used as a demand learning tool. Existing literature usually assumes no constraint on price changes, but in practice sellers often face business constraints that prevent them from conducting...

Persistent link: https://www.econbiz.de/10012973088

Learning Through Noticing : Theory and Experimental Evidence in Farming

Hanna, Rema - 2012

important features of the data they possess. We conduct a field experiment with seaweed farmers to test a model of "learning …

Persistent link: https://www.econbiz.de/10012460258

Does Market Experience Eliminate Market Anomalies? The Case of Exogenous Market Experience

List, John A. - 2011

literature is that market experience is endogenous. This study presents a framed field experiment that exogenously induces market …

Persistent link: https://www.econbiz.de/10012461749

Optimal Monetary Policy under Uncertainty in DSGE Models : A Markov Jump-Linear-Quadratic Approach

Svensson, Lars E.O. - 2008

We study the design of optimal monetary policy under uncertainty in a dynamic stochastic general equilibrium models. We use a Markov jump-linear-quadratic (MJLQ) approach to study policy design, approximating the uncertainty by different discrete modes in a Markov chain, and by taking...

Persistent link: https://www.econbiz.de/10012464755

Individual vs. Social Learning : An Experiment

Evdokimov, Piotr - 2020

We study the effectiveness of social learning when subjects can also learn individually. In the baseline treatment, a subject observes a sequence of private signals about an unknown state of the world and chooses an action to match the state. In the unilateral social learning treatment, a...

Persistent link: https://www.econbiz.de/10012843767

Ownership, Learning, and Beliefs

Hartzmark, Samuel M. - 2020

Abstract We examine how owning a good affects learning and beliefs about its quality. We show that people have more extreme reactions to information about a good that they own compared to the same information about a non-owned good: ownership causes more optimistic beliefs after receiving a...

Persistent link: https://www.econbiz.de/10012847439

Multi-Media Learning and Experimental Economics Instructions

Candreva, Christopher - 2020

This paper examines the influence of pre-experiment tasks on subject understanding. It used a 2x2 design varying the … type of instructions and whether or not the pre-experiment quiz was incentivized. The Standard instructions were written …-Media Learning literature, which aims to find ways to maximize subject understanding from instruction. After the pre-experiment …

Persistent link: https://www.econbiz.de/10012849403

Learning and Confirmation Bias : Measuring the Impact of First Impressions and Ambiguous Signals

Agnew, Julie R. - 2020

two thirds of the participants in our experiment make choices that are consistent with a limited memory updating process …

Persistent link: https://www.econbiz.de/10012851636

Evaluation of Econometric Models of Adaptive Learning by Predictive Measures

Chernov, Gregory - 2020

Game-theoretic models of learning are hard to study even in the laboratory setting due to econometric and practical concerns (like the limited length of an experimental session).In particular, as the simulations by (Salmon, 2001) show, in a cross-model (or "blind'') testing of several models,...

Persistent link: https://www.econbiz.de/10012827651

Learning Under Uncertainty with Multiple Priors : Experimental Investigation

Bland, James R. - 2019

We run an experiment to compare belief formation and learning under compound risk and under ambiguity at the individual …

Persistent link: https://www.econbiz.de/10012866781