Economic agents are not always rational or farsighted and can make decisions according to
simple behavioral rules that vary according to situation and can be studied using the tools of …

This chapter discusses structural econometric approaches to auctions. Remarkably, much of
what can be learned from auction data can be learned without restrictions beyond those …

Принято считать, что существующие различия в экономике, политике и обществе
отражают влияние различных институтов. Но среди экономистов, политологов и …

It is widely believed that current disparities in economic, political, and social outcomes reflect
distinct institutions. Institutions are invoked to explain why some countries are rich and …

BECAUSE PSYCHOLOGY systemati-cally explores human judgment, behavior, and well-
being, it can teach us important facts about how humans differ from the way tlhey are …

For a VAR with drifting coefficients and stochastic volatilities, we present posterior densities
for several objects that are pertinent for designing and evaluating monetary policy. These …

The standard theory of decision making under uncertainty advises the decision maker to
form a statistical model linking outcomes to decisions and then to choose the optimal …

R-max is a very simple model-based reinforcement learning algorithm which can attain near-
optimal average reward in polynomial time. In R-max, the agent always maintains a …

We use simple learning models to track the behavior observed in experiments concerning
three extensive form games with similar perfect equilibria. In only two of the games does …

We consider a model of technological learning under which people “learn through noticing”:
they choose which input dimensions to attend to and subsequently learn about from …