The risk of failure: Trial and error learning and long-run performance

Keyphrases

• Decision Maker 100%
• Divergence 50%
• Failure Risk 100%
• Long-run Performance 100%
• Low-performing 50%
• Optimal Actions 50%
• Performance Improvement 50%
• Risk Agent 50%
• Risk Impact 50%
• Trial-and-error 50%
• Trial-and-error Learning 100%

Mathematics

• Decision Maker 66%
• Opts _ _ _ 33%
• Sufficient Condition 33%
• Trial and error 100%

Economics, Econometrics and Finance

• Incentives 100%