Results 181 to 190 of about 849,185 (230)
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Rational Inattention in the Infield
American Economic Journal: Microeconomics, 2022This paper provides evidence of rational inattention by experienced professionals in strategic interactions. We add rational inattention to a game of matching pennies with state-dependent payoffs.
Vivek Bhattacharya, Greg Howard
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Rational Inattention as an Empirical Framework for Discrete Choice and Consumer-Welfare Evaluation
Journal of Marketing Research, 2022The conventional discrete-choice model of demand assumes that consumers are fully informed about every available product alternative. This assumption is at odds with the large body of literature studying incomplete information and the role of the ...
Joonhwi Joo
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Dynamic rational inattention: Analytical results
Journal of Economic Theory, 2018zbMATH Open Web Interface contents unavailable due to conflicting licenses.
Maćkowiak, Bartosz +2 more
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Rationally Inattentive Preferences
SSRN Electronic Journal, 2013A rationally inattentive agent processes information by balancing benefits and costs of attention (Sims [1998, 2003]). Predicting the agent’s behavior therefore requires a measure of her attention costs, but these costs can be dicult to identify as they incorporate hidden factors - such as time, eort and cognitive resources - that are not directly ...
Henrique de Oliveira +3 more
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An Equivalence Between Rational Inattention Problems and Complete-Information Conformity Games
Social Science Research Network, 2022We consider two types of models: (i) a rational inattention problem (as known from the literature) and (ii) a conformity game, in which fully informed players find it costly to deviate from average behavior.
Pavel Ilinov, Ole Jann
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Transportation Research Part E: Logistics and Transportation Review
The recent application of the rational inattention (RI) theory in transportation has shed light on a promising alternative way of understanding how information influences the travel choices of passengers.
Xin Chen, Gege Jiang, Yu Jiang
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The recent application of the rational inattention (RI) theory in transportation has shed light on a promising alternative way of understanding how information influences the travel choices of passengers.
Xin Chen, Gege Jiang, Yu Jiang
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Rational Inattention, Menu Costs, and Multi-Product Firms: Micro Evidence and Aggregate Implications
Journal of Monetary Economics, 2022Using a New Zealand firm-level survey, I show that firms producing more goods have both better information about inflation and more frequent but smaller price changes.
Choongryul Yang
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Rational inattention in neural coding for economic choice
bioRxivMental operations like computing the value of an option are computationally expensive. Even before we evaluate options, we must decide how much attentional effort to invest in the evaluation process.
Justin M. Fine +2 more
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Competing to Commit: Markets with Rational Inattention
Social Science Research NetworkTwo homogeneous-good firms compete for a consumer’s unitary demand. The consumer is rationally inattentive and pays entropy costs to process information about firms’ offers. Compared to a collusion benchmark, competition produces two effects.
Carlo Cusumano +2 more
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Persuasion with Rational Inattention
SSRN Electronic Journal, 2018We study a model of Bayesian persuasion in which Receiver has limited information-processing capacity, or attention, and must exert costly effort to process Sender’s signals. Receiver is rationally inattentive (Sims (2003)): attention costs are proportional to the mutual information (expected entropy reduction) between Sender’s signals and Receiver’s ...
Alexander W. Bloedel, Ilya Segal
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