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Rational Inattention, Optimal Consideration Sets, and Stochastic Choice
The Review of Economic Studies, 2018We unite two basic approaches to modelling limited attention in choice by showing that the rational inattention model implies the formation of consideration sets—only a subset of the available alternatives will be considered for choice.
Andrew Caplin, M. Dean, John Leahy
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Rational inattention and public signals
Social Choice and Welfare, 2021zbMATH Open Web Interface contents unavailable due to conflicting licenses.
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Rationally Inattentive Monetary Policy
SSRN Electronic Journal, 2021Joshua Bernstein, Rupal Kamdar
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Rationally inattentive consumption choices
Review of Economic Dynamics, 2013Abstract This paper analyzes how information-processing limitations affect consumption in a dynamic full-fledged non-linear quadratic Gaussian (LQG) setting. In the model, risk-averse consumers rationally choose the quantity and quality of information to process about their wealth, while constrained by a Shannon channel.
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Bargaining with Rational Inattention
SSRN Electronic Journal, 2017I study a one-sided oers bargaining game in which a fully rational seller is making repeated oers to a rationally inattentive buyer (Sims, 1998). The quality of the good is random and is known to the seller. The buyer needs to pay attention to both the quality of the good and the seller’s oers.
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Analyst Rational Inattention: Evidence from CEO Turnover Events
Accounting ReviewWe consider the dynamics of analyst inattention by investigating how analysts allocate their attention when a firm in their portfolio experiences CEO turnover. Our analysis shows that analysts tend to divert their attention toward firms that experience
R. Godwin +2 more
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Dynamic discrete choice under rational inattention
Economic Theory, 2023Jianjun Miao, Hao Xing
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Rational Inattention during a Randomized Controlled Trial
American Economic Review: InsightsWe introduce an information provision experiment into a standard dynamic rational inattention model. We derive analytical results about how the treatment effect varies with characteristics of the environment and the individual.
Bartosz Mackowiak, Mirko Wiederholt
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Coordination with Rational Inattention
SSRN Electronic Journal, 2011We study information acquisition in a coordination game with incomplete information. To capture the idea that players can flexibly decide what information to acquire, we do not impose any physical restriction on feasible information structure. Facing an informational cost measured by reduction of Shannon's entropy, players collect information most ...
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