Goecke, Henry; Luhan, Wolfgang J.; Roos, Michael W.M. - In: Journal of Economic Behavior & Organization 94 (2013) C, pp. 80-89
. Information has to be acquired and processed—both involving costs. In rational-inattentiveness models agents update their … information set only when the benefit outweighs the information cost. We test the rational-inattentiveness model in a controlled … rational-inattentiveness and sticky information models rejecting simpler behavioral heuristics. …