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Endogenous learning with bounded memory

[PDF] from princeton.edu
Y Kocer - 2011 - papers.ssrn.com
Abstract: I analyze the effects of memory limitations on the endogenous learning behavior of
an agent in a standard two-armed bandit problem. An infinitely lived agent chooses each
period between two alternatives with unknown types, to maximize discounted payoffs. The ...
Cited by 2 - Related articles - All 4 versions

[PDF] Delay aversion with Recursive Preferences

[PDF] from nyu.edu
Y Kocer… - 2009 - homepages.nyu.edu
Abstract We adapt the behavioral definition of (comparative) delay aversion intro% duced by
Benoit and Ok (2005) and characterize delay aversion in terms of intertemporal rate of
substitution. A more delay averse agent with a differ% entiable utility has higher marginal ...
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