. The results show that reinforcement learning leads to dynamics similar to those observed in standard public goods games … explained by reinforcement learning. According to our estimates, learning only accounts for 41 percent of the decay in …, differ strongly from the learning dynamics, while a learning model estimated from the limited information treatment tracks …

positive levels of search costs. Considering an explicit learning scheme the paper shows that convergence of prices to …

We present a decision theoretic framework in which agents are learning about market behavior and that provides … microfoundations for models of adaptive learning. Agents are 'internally rational', i.e., maximize discounted expected utility under … discounted sum of dividends. As a result, learning about price behavior affects market outcomes, while learning about the …

beliefs about price and dividend behavior to deviate slightly from rational expectations priors. Learning about stock price … system of beliefs and other model features. We depart from previous studies of asset prices under learning in that agents …

We test if confusion and learning could potentially explain all the decay of contributions in the repeated public goods … decline is more than twice as high in a standard public goods game. Furthermore, we find that simple learning cannot generate … cooperative behavior observed in public goods games is not a pure artefact of confusion and learning. …

learning cannot generate the kind of contribution dynamics commonly attributed to the existence of conditional cooperators. We … learning. Copyright Economic Science Association 2013 …