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Learning in economics: the Austrian insights

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  • Pierre Garrouste

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Abstract

In this contribution I first present a selective review of the literature on learning theories in economics. I then show that those theories are often assimilating knowledge to information or considering knowledge as a structure of information. Finally I discuss the possibility for those theories to be defined as Austrian and I conclude with a presentation of a research agenda.

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File URL: http://www.icer.it/docs/wp2001/garrouste25-01.pdf
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Bibliographic Info

Paper provided by ICER - International Centre for Economic Research in its series ICER Working Papers with number 25-2001.

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Length: 16 pages
Date of creation: Nov 2001
Date of revision:
Handle: RePEc:icr:wpicer:25-2001

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References

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  1. Fudenberg, Drew & Levine, David, 1998. "Learning in games," European Economic Review, Elsevier, vol. 42(3-5), pages 631-639, May.
  2. H. Peyton Young, 1996. "The Economics of Convention," Journal of Economic Perspectives, American Economic Association, vol. 10(2), pages 105-122, Spring.
  3. Hayek, F. A., 1990. "The Fatal Conceit," University of Chicago Press Economics Books, University of Chicago Press, edition 1, number 9780226320687 edited by Bartley, III, W. W., March.
  4. Rabin, Mathew, 1991. "Cognitive Dissonance and Social Change," Department of Economics, Working Paper Series qt37b169jt, Department of Economics, Institute for Business and Economic Research, UC Berkeley.
  5. Richard Langlois & Pierre Garrouste, 1996. "Cognition, Redundancy, and Learning in Organizations," Working papers 1996-10, University of Connecticut, Department of Economics.
  6. Philippe DULBECCO & GARROUSTE, 1998. "Towards an Austrian Theory of the Firm," Working Papers 199826, CERDI.
  7. John Conlisk, 1996. "Why Bounded Rationality?," Journal of Economic Literature, American Economic Association, vol. 34(2), pages 669-700, June.
  8. Young, H Peyton, 1993. "The Evolution of Conventions," Econometrica, Econometric Society, vol. 61(1), pages 57-84, January.
  9. Erev, Ido & Roth, Alvin E, 1998. "Predicting How People Play Games: Reinforcement Learning in Experimental Games with Unique, Mixed Strategy Equilibria," American Economic Review, American Economic Association, vol. 88(4), pages 848-81, September.
  10. Giovanni Dosi & Luigi Marengo & Giorgio Fagiolo, 1996. "Learning in evolutionary environment," CEEL Working Papers 9605, Cognitive and Experimental Economics Laboratory, Department of Economics, University of Trento, Italia.
  11. Bernard Walliser, 1998. "A spectrum of equilibration processes in game theory," Journal of Evolutionary Economics, Springer, vol. 8(1), pages 67-87.
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Cited by:
  1. Agnès Festré, 2009. "Carl Menger and Friedrich von Wieser on the role of knowledge and beliefs," Working Papers halshs-00346478, HAL.

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