... role in maintaining and restoring productivity. Excessive leisure, however, negatively impacts “learning-by-doing” which is necessary for enhancing productivity. This study introduces a novel behavioral model that endogenizes productivity through leisure, formally integrating recovery (recharging one’s...

... in common, particularly in learning and herd behavior. He was a worthy member of the distinguished and pioneering group which included Herb Simon and Reinhard Selten. © 2022 A. Kirman 2022 A. Kirman Licensed re-use rights only Dynamics learning catastrophe theory out of equilibrium behaviour...

...Timothy Flannery; Cara Sibert How does the ability to opt out affect learning in sequential games? We design a modified version of the Game of 21 (G21) where players can drop out at any time similar to the centipede game, referred to as C21, to answer this query. Motivating our study with two...

... University for valuable comments and suggestions. © 2018 J. A. Zinn 2018 J. A. Zinn Licensed re-use rights only Bayesian Updating Cognitive Biases Irrational Expectations Learning Uncertainty C02 D03 D83 The weighted updating model generalizes Bayes’ rule to allow...

... Learning Uncertainty C02 D03 D83 Addressing climate change is one of the most important challenges of this century. Transitioning to a low-carbon economy requires people to drastically change their behavior, and the adoption of climate-friendly technologies and habits to substantially...

...David Goldbaum A state of perpetually evolving divergent trading strategies is the natural consequence of a market with idiosyncratic private information. In the face of intrinsic uncertainty about other traders’ strategies, participants resort to learning and adaptation to identify and exploit...

... sovereign power may be necessary to launch a fiat money in practice, we maintain that it is not necessary for its survival. © 2016 W. J. Luther and L. H. White 2016 W. J. Luther and L. H. White Licensed re-use rights only Belief Focal point Financial markets Inertia Learning Monetary regime...