Modelling Learning in Economics

Thomas Brenner ()

in Books from Edward Elgar Publishing

Abstract: 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.

Keywords: Economics and Finance (search for similar items in EconPapers)
JEL-codes: B52 (search for similar items in EconPapers)
Date: 1999
ISBN: 9781840641349
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Citations: View citations in EconPapers (31)

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