Modelling Learning in Economics provides a comprehensive study of
how learning processes can be modelled in an economic context. This
innovative book investigates the processes involved in economic
learning by categorizing different ways of learning, and using
mathematical models for their description. The author distinguishes
three types of learning processes - non-cognitive, routine-based
and associative learning - and, for each of these, a model is
proposed. Thomas Brenner also provides an overview of the
psychological literature on learning and on the learning models
most frequently used in economics. He then goes on to present
applications of these models of learning to various economic topics
including evolutionary game theory, consumption behaviour,
investment behaviour of savers and the diffusion of innovation. In
applying the models to economic topics, the author not only
presents new insights into learning but also contributes to many
topics within economic research. This book will be of interest to
economic psychologists and economists working in the areas of game
theory, consumer and investment behaviour and the diffusion of
innovation.
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