Parental Guidance and Supervised Learning

Alessandro Lizzeri and Marciano Siniscalchi

No 1432, Discussion Papers from Northwestern University, Center for Mathematical Studies in Economics and Management Science

Abstract: We propose a simple theoretical model of supervised learning that is potentially useful to interpret a number of empirical phenomena. The model captures a basic tradeoff between sheltering the child from the consequences of his mistakes, and allowing him to learn from experience. We characterize the optimal parenting policy and its comparative-statics properties. We then show that key features of the optimal policy can be useful to interpret provocative findings from behavioral genetics.

Date: 2006-11
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Related works:
Working Paper: Parental Guidance and Supervised Learning (2007)
Working Paper: Parental Guidance and Supervised Learning (2006)
Journal Article: Parental Guidance and Supervised Learning (2008)
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