We study a duel game in which each player has incomplete knowledge of the game parameters. We present a simple, heuristically motivated and easily implemented algorithm by which, in the course of repeated plays, each player estimates the missing parameters and consequently learns his optimal...

This paper reconsiders how labor market competition shapes skill development - integrating the perspectives of both firms and workers. While existing models often predict that firms will underinvestment in training due to a fear of poaching, we show that competition can instead serve as a...

We examine the urban learning and schooling premium in Peru using two approaches: 1) estimating the effect of local population density on pupils' value-added in learning between grades two to eight, 2) quasi-experimental Census estimations on the effects of the duration of urban exposure in...

As an example of pedagogical approaches that blend online and face-to-face instruction, the flipped classroom model has seen exponential growth in business schools. To explore its effectiveness, expectancy-value theory and cognitive load theory were employed to develop a framework linking...

We provide identification results for a broad class of learning models in which continuous outcomes depend on three types of unobservables: known heterogeneity, initially unknown heterogeneity that may be revealed over time, and transitory uncertainty. We consider a common environment where the...

Teaching quality is deemed one of the foundations of student achievement and institutional performance. With this, linking in-service training (INSET) and teacher professional development (TPD), to student outcomes has been at the forefront of education research. Our inquiry revolves on how to...

We demonstrate that racial biases against tutors hinder learning. In e-learning experiments, U.S. conservatives are more likely to disregard advice from Black tutors, resulting in reduced performance compared to learners taught by white tutors. We show that the bias is unconscious and,...

There is widespread concern that climate policy is moving too slowly and that decarbonization of economic development is coming too late for effective climate protection. We analyze three different effects that emerge endogenously during decarbonization and amplify current policies: growing...

Expectations are central to models of economic and financial decision-making. Yet in practice, individuals are often inattentive and, when asked, report fragile, context-dependent expectations that are only weakly linked to decisions. This raises the question to what extent they hold such...

This paper estimates the causal effect of a large language model-based study assistant on student behavior and learning outcomes in a natural field setting with real academic stakes. I design and deploy a course-specific AI assistant (GPT-UAI) for undergraduate econometrics and evaluate it...

Expectations are central to models of economic and financial decision-making. Yet in practice, individuals are often inattentive and, when asked, report fragile, context-dependent expectations that are only weakly linked to decisions. This raises the question to what extent they hold such...

Credit card fraud detection remains a critical challenge for financial institutions, particularly due to extreme class imbalance and the continuously evolving nature of fraudulent behavior. This study investigates two complementary approaches: anomaly detection based on multivariate normal...

The emergence of artificial intelligence (AI) tools has offered new ways of teaching and learning. Businesses have also highlighted the importance of AI literacy in the workplace as AI is transforming operations and entire industries. Given the importance of obtaining AI skills and the...

Expectations are central to models of economic and financial decision-making. Yet in practice, individuals are often inattentive and, when asked, report fragile, context-dependent expectations that are only weakly linked to decisions. This raises the question to what extent they hold such...

AI is transforming how students learn, raising concerns about whether it expands educational opportunities or widens existing gaps. We examine this question in a preregistered lab experiment (N=572) in which students study a novel topic under one of three conditions: browsing only (control),...

We identify desirable/undesirable inflation outcomes under subjective beliefs by comparing surveybased and risk-adjusted distributions of inflation. Intuitively, investors dislike inflation at both extremes, preferring a range in the middle. This "good inflation" region, which investors...

This study investigates the internal antecedents of Strategic Learning Capability (SLC) within volatile business environments. Specifically, it explores the tripartite relationship between occupational subculture, the cognitive process of sensemaking, and the multi-dimensional facets of SLC...

Expectations are central to models of economic and financial decision-making. Yet in practice, individuals are often inattentive and, when asked, report fragile, context-dependent expectations that are only weakly linked to decisions. This raises the question to what extent they hold such...

Myanmar’s education system stands at a critical juncture, shaped by overlapping crises and significant resilience. Following years of conflict, political instability, and economic stress, recent data reveal both progress and persistent vulnerabilities. Primary school enrollment has largely...

When people exchange knowledge, both truths and falsehoods can proliferate. We study the role of explanations for the spread of truths and falsehoods in 15 financial decision tasks. Participants record the reasoning behind each of their answers with incentives for accuracy of their listeners'...

This study examines outcomes associated with a short-term intensive pedagogical experience aimed at developing social entrepreneurship competencies among university students at an Ashoka U-affiliated institution in Mexico. The program, Semana Tec de Agencia de Cambio, is a five-day experiential...

Researchers typically collect experimental data sequentially, allowing early outcome observations and adaptive treatment assignment to reduce exposure to inferior treatments. This article reviews multi-armed-bandit adaptive experimental designs that balance exploration and exploitation. Because...

Researchers typically collect experimental data sequentially, allowing early outcome observations and adaptive treatment assignment to reduce exposure to inferior treatments. This article reviews multiarmed-bandit adaptive experimental designs that balance exploration and exploitation. Because...

Land use transition toward multifunctional practices is greatly affected by social learning, yet the temporal interaction between learning mechanisms and network structure remains underexplored. This study examines two social learning channels, information exchange and normative pressure, and...

Just as backwards design starts with course learning objectives before planning assessments, content and teaching activities, narrative engagement by design imagines how to build engagement into the foundation of course structure and content, not just into teaching and learning activities. This...

Can a recession have a positive, long-term impact on firm innovation? A downturn represents an opportunity for firms to learn from their peers and try to understand the main drivers of resilience. If they deem R&D capital one of them, they may raise innovation in the following years, in order to...

Expectations are central to models of economic and financial decision-making. Yet in practice, individuals are often inattentive and, when asked, report fragile, context-dependent expectations that are only weakly linked to decisions. This raises the question to what extent they hold such...

This study introduces a novel machine learning-based methodology for detecting and forecasting the strength of weak signals in the labor market, using Greece as a case study and utilizing Eurostat time series data (2000-2023). Weak signals, conceptualized as subtle anomalies within otherwise...