2 papers
stat.ME2023
Adaptive Bayesian Learning with Action and State-Dependent Signal Variance
Kaiwen Hou
This manuscript presents an advanced framework for Bayesian learning by incorporating action and state-dependent signal variances into decision-making models. This framework is piv…
econ.EM2022
Crises Do Not Cause Lower Short-Term Growth
Kaiwen Hou, David Hou, Yang Ouyang +2
It is commonly believed that financial crises "lead to" lower growth of a country during the two-year recession period, which can be reflected by their post-crisis GDP growth. Howe…