Results 31 to 40 of about 849,185 (230)
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 to idiosyncratic conditions than to aggregate conditions.
Bartosz Mackowiak, Mirko Wiederholt
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Business Cycle Dynamics Under Rational Inattention [PDF]
SSRN Electronic Journal, 2011 We develop a dynamic stochastic general equilibrium (DSGE) model with rational inattention and compare its predictions to data. Households and decision-makers in firms have limited attention and optimally allocate their attention. Rational inattention is the only source of slow adjustment.
Maćkowiak, Bartosz, Wiederholt, Mirko
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Logit, CES, and Rational Inattention [PDF]
SSRN Electronic Journal, 2017 zbMATH Open Web Interface contents unavailable due to conflicting licenses.
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Information Acquisition and Excessive Risk: Impact of Policy Rate and Market Volatility [PDF]
ACTA VŠFS, 2015 Excessive risk-taking of financial agents drew a lot of attention in the aftermath of the financial crisis. Low interest rates and subdued market volatility during the Great Moderation are sometimes blamed for stimulating risk-taking and leading to the
Volha Audzei
doaj
How to become a victim of crime
Проблеми Законності, 2017 Victimization from crime – a higher degree of social vulnerability criminal, contributing to the commission of crimes against them in certain circumstances.
Богдан Миколайович Головкін
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Rational Inattention and the Business Cycle Effects of Productivity and News Shocks
Social Science Research NetworkWe solve a real business cycle model with rational inattention (an RI-RBC model). In the RI-RBC model, the growth rates of employment, investment, and output are about as persistent as in the data, with an amount of inattention consistent with survey ...
Bartosz Mackowiak, Mirko Wiederholt
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Rational Inattention: A Research Agenda [PDF]
SSRN Electronic Journal, 2005 The literature applying information-theoretic ideas to economics has so far considered only Gaussian uncertainty. Ex post Gaussian uncertainty can be justified as optimal when the associated optimization problem is linear-quadratic, but the literature has often assumed Gaussian uncertainty even where it cannot be justified as optimal.
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Discrete choice in marketing through the lens of rational inattention
Quantitative Marketing and EconomicsModels derived from random utility theory represent the workhorse methods to learn about consumer preferences from discrete choice data. However, a large body of literature documents various behavioral patterns that cannot be captured by basic random ...
Sergey Turlo +4 more
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Rational Inattention and Employer Learning [PDF]
SSRN Electronic Journal, 2010 Recent research results cast doubt on the validity of the employer learning model by empirically establishing the absence of learning over time among college graduates and by documenting persistent, negative effects of graduating during a recession. This paper extends the employer learning model with the theory of rational inattention in which firms ...
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Rational Inattention, Competitive Supply, and Psychometrics* [PDF]
The Quarterly Journal of Economics, 2020 AbstractWe introduce a simple method of recovering attention costs from choice data. Our method rests on a precise analogy with production theory. Costs of attention determine consumer demand and consumer welfare, just as a competitive firm’s technology determines its supply curve and profits.
Caplin, Andrew +3 more
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