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Parental Guidance and Supervised Learning

  • Alessandro Lizzeri
  • Marciano Siniscalchi

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.

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Paper provided by www.najecon.org in its series NajEcon Working Paper Reviews with number 843644000000000090.

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Date of creation: 28 Jun 2007
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Handle: RePEc:cla:najeco:843644000000000090
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