Results 1 to 10 of about 24,713 (170)
Constrained versus Unconstrained Rational Inattention [PDF]
Games, 2021 The rational inattention literature is split between two versions of the model: in one, mutual information of states and signals are bounded by a hard constraint, while, in the other, it appears as an additive term in the decision maker’s utility ...
Yaron Azrieli
doaj +3 more sources
Rational inattention and tonic dopamine.
PLoS Computational Biology, 2021 Slow-timescale (tonic) changes in dopamine (DA) contribute to a wide variety of processes in reinforcement learning, interval timing, and other domains.
John G Mikhael +2 more
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Rational inattention and aggregate fluctuations [PDF]
SSRN Electronic Journal, 2009 This paper introduces the rational inattention hypothesis (RI) - that agents process information subject to finite channel constraints - into a stochastic growth model with permanent technology shocks.
Luo, Y, Young, ER
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Signal Extraction and Rational Inattention [PDF]
Economic Inquiry, 2014 In this paper we examine the implications of two theories of informational frictions, signal extraction (SE) and rational inattention (RI), for optimal decisions and economic dynamics within the linear-quadratic-Gaussian (LQG) setting. We first show that
Luo, Y, Young, E
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Rational Inattention and Organizational Focus [PDF]
American Economic Review, 2015 This paper studies optimal communication flows in organizations. A production process can be coordinated ex ante, by letting agents stick to a prespecified plan of action.
Dessein, Wouter +2 more
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Optimal sticky prices under rational inattention [PDF]
SSRN Electronic Journal, 2009 This paper presents a model in which price setting firms decide what to pay attention to, subject to a constraint on information flow. When idiosyncratic conditions are more variable or more important than aggregate conditions, firms pay more attention ...
Maćkowiak, Bartosz, Wiederholt, Mirko
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Experimental evidence on rational inattention [PDF]
Federal Reserve Bank of Dallas, Working Papers, 2011 We show that rational inattention theory of Sims (2003) provides a rationalization of choice models à la Luce and gives a structural interpretation to probability curvature parameters as reflecting costs of processing information.
Anna Popova +2 more
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Business cycle dynamics under rational inattention [PDF]
SSRN Electronic Journal, 2011 We develop a dynamic stochastic general equilibrium model with rational inattention by households and firms. Consumption responds slowly to interest rate changes because households decide to pay little attention to the real interest rate.
Maćkowiak, Bartosz, Wiederholt, Mirko
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Rational inattention and employer learning [PDF]
SSRN Electronic Journal, 2010 Research on employer learning has provided important insights into the dynamic process that determines individual wages, especially during the early part of a worker's career.
Habermalz, Steffen
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The rational inattention filter
SSRN Electronic Journal, 2017 Dynamic rational inattention problems used to be difficult to solve. This paper provides simple, analytical results for dynamic rational inattention problems. We start from the benchmark rational inattention problem.
Matějka, Filip +2 more
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