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Model-free and Model-based Learning as Joint Drivers of Investor Behavior

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NBER2023-04-01 更新2025-01-04 收录
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https://www.nber.org/papers/w31081
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Motivated by neural evidence on the brain's computations, cognitive scientists are increasingly adopting a framework that combines two systems, namely model-free and model-based learning. We import this framework into a financial setting, study its properties, and use it to account for a range of
创建时间:
2023-04-01
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