Tag Archives: game theory

A Formal Model of Learning and Policy Diffusion

Much of the empirical work to date has not adequately distinguished [game-theoretic] learning-based policy diffusion from [decision-theoretic] myopic individual adoptions. Those who advocate federalism argue that devolution improves policy outcomes nationwide by providing opportunities for local experimentation. In the words of Louis Brandeis, justice of the U.S. Supreme Court (1932): It is one of the […]