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The devil you know : rational inattention to discrete choices when prior information matters
Pellegrino, Bruno - 2023
decision maker's prior information to be asymmetric across choices. In this paper, I solve the RI-logit model analytically for …, decision makers can be biased, display aversion to prior uncertainty, and thus tend to select choices that are familiar (i …
Persistent link: https://www.econbiz.de/10014247316
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Rationally inattentive preferences and hidden information costs
Oliveira, Henrique de; Denti, Tommaso; Mihm, Maximilian; … - In: Theoretical economics : TE ; an open access journal in … 12 (2017) 2, pp. 621-654
inattentive preferences and show how they reveal the amount of information a decision-maker acquires. …
Persistent link: https://www.econbiz.de/10011705099
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Rationally inattentive preferences and hidden information costs
Oliveira, Henrique de; Denti, Tommaso; Mihm, Maximilian; … - In: Theoretical economics : TE ; journal of the Econometric … 12 (2017) 2, pp. 621-654
Persistent link: https://www.econbiz.de/10011708509
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Survey : rational inattention, a disciplined behavioral model
Maćkowiak, Bartosz; Matejka, Filip; Wiederholt, Mirko - 2018
Persistent link: https://www.econbiz.de/10012000539
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Stochastic choice and rational inattention
Lin, Yi-Hsuan - In: Journal of economic theory 202 (2022), pp. 1-43
Persistent link: https://www.econbiz.de/10013373398
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A cognitive foundation for perceiving uncertainty
Bohren, J. Aislinn; Hascher, Josh; Imas, Alex; … - 2024
Persistent link: https://www.econbiz.de/10015078774
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A theory of discrete choice with information costs
Cheremukhin, Anton; Popova, Anna; Tutino, Antonella - In: Journal of economic behavior & organization : JEBO 113 (2015), pp. 34-50
Persistent link: https://www.econbiz.de/10011401094
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Rational inattention: a review
Maćkowiak, Bartosz; Matejka, Filip; Wiederholt, Mirko - 2021
We review the recent literature on rational inattention, identify the main theoretical mechanisms, and explain how it helps us understand a variety of phenomena across fields of economics. The theory of rational inattention assumes that agents cannot process all available information, but they...
Persistent link: https://www.econbiz.de/10012547611
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Rational inattention : a review
Maćkowiak, Bartosz; Matejka, Filip; Wiederholt, Mirko - 2020
Persistent link: https://www.econbiz.de/10012314449
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Discrete actions in information-constrained decision problems
Jung, Junehyuk; Kim, Jeong-ho; Matĕjka, Filip; Sims, … - In: The review of economic studies : RES 86 (2019) 6, pp. 2643-2667
Persistent link: https://www.econbiz.de/10012119034