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Traders, forecasters and financial instability : a model of individual learning of anchor-and-adjustment heuristics

Makarewicz, Tomasz - In: Journal of economic behavior & organization : JEBO 190 (2021), pp. 626-673

Persistent link: https://www.econbiz.de/10013185880

Introduction : Simulation, Experimentation, and Artificial Intelligence

Mintz, Alex - 2017

Persistent link: https://www.econbiz.de/10012941282

Sustained Learning in 4th and 5th Graders but not 7th Graders : Two Experiments with a Talking Pedagogical Agent

Mann, Bruce; Schulz, Henry; Cui, Jianping; Adams, Shannon - 2012

In this chapter, agent movement and temporal speech cueing were designated for empirical study. In Experiment 1 an … apostrophe to show singular and plural ownership. Analyses of the data in Experiment 1 showed that modality effects favoured … speech cueing over text cueing but agent animation had no effect. In Experiment 2, a different agent presented students in …

Persistent link: https://www.econbiz.de/10014172633

Learning, Forecasting and Optimizing : An Experimental Study

Te, Bao; Duffy, John; Hommes, Cars H. - 2016

Rational Expectations (RE) models have two crucial dimensions: 1) agents correctly forecast future prices given all available information, and 2) given expectations, agents solve optimization problems and these solutions in turn determine actual price realizations. Experimental testing of such...

Persistent link: https://www.econbiz.de/10014172774

Experimentation in Markets

Välimäki, Juuso; Bergemann, Dirk - 2000

We present a model of entry and exit with Bayesian learning and price competition. A new product of initially unknown quality is introduced in the market, and purchases of the product yield information on its true quality. We assume that the performance of the new product is publicly observable....

Persistent link: https://www.econbiz.de/10014152209

Minimizing Learning Behavior in Repeated Real-Effort Tasks

Benndorf, Volker; Rau, Holger Andreas; Sölch, Christian - 2018

In this paper, we discuss learning behavior and the heterogeneity of subjects' ability to perform in real-effort tasks. Afterwards, we present a novel variant of Erkal et al.'s (2011) encryption real-effort task which aims to minimize learning behavior in repeated settings. In the task,...

Persistent link: https://www.econbiz.de/10014036875

Strategic Experimentation with Exponential Bandits

Cripps, Martin; Keller, Godfrey; Rady, Sven - 2003

This paper studies a game of strategic experimentation with two-armed bandits whose risky arm might yield a payoff only after some exponentially distributed random time. Because of free-riding, there is an inefficiently low level of experimentation in any equilibrium where the players use...

Persistent link: https://www.econbiz.de/10014091163

Explore or exploit? : unpacking the situational conditions and cognitive mechanisms underlying entrepreneurial learning in the new venture development process

El-Awad, Ziad - In: Entrepreneurship and regional development : an … 35 (2023) 1/2, pp. 162-186

Persistent link: https://www.econbiz.de/10014226316

Ambiguity preference, social learning and adoption of soil testing and formula fertilization technology

Wu, Haixia; Li, Jianping; Ge, Yan - In: Technological forecasting & social change : an … 184 (2022), pp. 1-11

Persistent link: https://www.econbiz.de/10014229269

Market Experimentation in a Dynamic Differentiated-Goods Duopoly

Keller, Godfrey; Rady, Sven - 1999

We study the evolution of prices in a symmetric duopoly where firms are uncertain about the degree of product differentiation. Customers sometimes perceive the products as close substitutes, sometimes as highly differentiated. Firms learn about their competitive environment from the quantities...

Persistent link: https://www.econbiz.de/10014209250