The topic of dynamic pricing and learning has received a considerable amount of attention
in recent years, from different scientific communities. We survey these literature streams: we …

This chapter presents an overview of the existing learning models in the economic literature.
Furthermore, it discusses the choice of models that should be used under various …

Just like economists, voters have conflicting views about redistributive taxation because they
estimate its incentive costs differently. We model rational agents as trying to learn from their …

Networks pervade social and economic life, and they play a prominent role in explaining a
huge variety of social and economic phenomena. Standard economic theory did not give …

When payoffs from different actions are unknown, agents use their own past experience as
well as the experience of their neighbours to guide their decision making. In this paper, we …

Individuals and social systems are often portrayed as risk averse and resistant to change.
Such propensities are characteristically attributed to individual, organizational, and cultural …

This paper extends the classic two‐armed bandit problem to a many‐agent setting in which
N players each face the same experimentation problem. The main change from the single …

Penguins jumping off a cliff, economic forecasters and financial advisors speculating against
a currency, and farmers using traditional methods in India are all practising social learning …

We develop an equilibrium framework that relaxes the standard assumption that people
have a correctly specified view of their environment. Each player is characterized by a …

Each of n players, in an infinitely repeated game, starts with subjective beliefs about his
opponents' strategies. If the individual beliefs are compatible with the true strategies chosen …