We explore optimal search for individual improvement when agents start with different confidence in own ability. The initial self-confidence may be determined by nature or socio-economic factors.
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Length: 19 pages Date of creation: 2001 Date of revision: Handle: RePEc:fth:bereco:1601
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Find related papers by JEL classification: C61 - Mathematical and Quantitative Methods - - Mathematical Methods and Programming - - - Optimization Techniques; Programming Models; Dynamic Analysis D83 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Search, Learning, and Information
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