own experiences about the effectiveness of the product. Individual learning generates ex post heterogeneity, which affects … the buyers' purchasing decisions, the monopolist's pricing strategy, and efficiency. When learning occurs through good … exploration. When learning occurs through bad news signals, ex post heterogeneity has no such effect, since only homogeneous …

pricing. We simulate a self-learning algorithm setting personalized prices based on additional information about consumer …

This paper shows that price rigidity evolves in an economy populated by imperfectly rational agents who experiment with …

We study the inference and experimentation problem of an agent in a situation where the outcomes depend on the … external factors if they fail. They are too easily dissatisfied with their environment, which leads them to experiment in …

We study the inference and experimentation problem of an agent in a situation where the outcomes depend on the … external factors if they fail. They are too easily dissatisfied with their environment, which leads them to experiment in …