We describe a candid model for learning, why and how learning transpires. We investigate the original as well as the leading conditions of the learning process. We provide an insight into the realm of beliefs and their formation, their interaction and influence with the actor’s environment. In addition, we provide to our terms (and terminology) real definitions, thus differentiating between nominal and real definitions. Having this approach, the same terminology can be employed by other models, theories or frameworks without creating ‘expert language’ barriers. Moreover, we provide an understanding of the influence that learning in general has on human behavior.
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Paper provided by University Library of Munich, Germany in its series MPRA Paper with number
17367.
Find related papers by JEL classification: C79 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Other C99 - Mathematical and Quantitative Methods - - Design of Experiments - - - Other Z19 - Other Special Topics - - Cultural Economics - - - Other D83 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Search, Learning, and Information
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