Results 21 to 30 of about 849,185 (230)
Hamilton-Jacobi-Bellman-Isaacs equation for rational inattention in the long-run management of river environments under uncertainty [PDF]
Computers and Mathematics with Applications, 2021 A new stochastic control model for the long-run environmental management of rivers is mathematically and numerically analyzed, focusing on a modern sediment replenishment problem with unique nonsmooth and nonlinear properties.
H. Yoshioka, M. Tsujimura
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Rational Inattention in Hiring Decisions [PDF]
SSRN Electronic Journal, 2019 We provide an information-based theory of matching efficiency fluctuations. Rationally inattentive firms have limited capacity to process information and cannot perfectly identify suitable applicants. During recessions, higher losses from hiring unsuitable workers cause firms to be more selective in hiring.
Acharya, Sushant, Wee, Shu Lin
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Inattention in individual expectations
EconomiA, 2017 This paper investigates the expectations formation process of economic agents about inflation rate. Using the Market Expectations System of Central Bank of Brazil, we perceive that agents do not update their forecasts every period and that even agents ...
Yara de Almeida Campos Cordeiro +2 more
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Queueing Systems with Rationally Inattentive Customers [PDF]
Manufacturing & Service Operations Management, 2023 Problem definition: Classical models of queueing systems with rational and strategic customers assume queues to be either fully visible or invisible, while service parameters are known with certainty. In practice, however, people only have “partial information” on the service environment, in the sense that they are not able to fully discern prevalent ...
Caner Canyakmaz, Tamer Boyacı
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Risks, 2019 This paper studies the optimal investment and consumption strategies in a two-asset model. A dynamic Value-at-Risk constraint is imposed to manage the wealth process.
Zhuo Jin, Zhixin Yang, Quan Yuan
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Rationally Inattentive Macroeconomic Wedges [PDF]
Federal Reserve Bank of Dallas, Working Papers, 2010 zbMATH Open Web Interface contents unavailable due to conflicting licenses.
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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 a la Luce and gives a structural interpretation to probability curvature parameters as reecting costs of processing information. We use data from a behavioral experiment to show that people behave according to predictions of the theory.
Cheremukhin, Anton A. +2 more
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Rationally Inattentive Path-Planning via RRT [PDF]
2021 American Control Conference (ACC), 2021 10 pages, 5 ...
Stefan, Jeb +3 more
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Rational Inattention and Organizational Focus [PDF]
American Economic Review, 2016 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. Alternatively, agents may adapt to task-specific shocks, in which case tasks must be coordinated ex post, using communication.
Dessein, Wouter +2 more
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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 if the variance of the noise and channel capacity (or marginal information cost) is fixed ...
Young, E, Luo, Y
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