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We study the interplay between scientific progress and culture through text analysis on a corpus of about eight million … relation between two key factors of long-term economic growth - science and culture. Considering the evolution of these two …
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"In a repeated game of incomplete information, myopic players form beliefs on next-period play and choose strategies to maximize next-period payoffs. Beliefs are treated as forecast of future plays. Forecast accuracy is assessed using calibration tests, which measure asymptotic accuracy of...
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