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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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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 via ignorance equivalence
Müller-Itten, Michèle; Armenter, Roc; Stangebye, … - 2021
Persistent link: https://www.econbiz.de/10012651412
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Rational inattention via ignorance equivalence
Armenter, Roc; Müller-Itten, Michèle; Stangebye, … - 2020
Persistent link: https://www.econbiz.de/10012372891
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Beyond quantified ignorance : rebuilding rationality without the bias bias
Brighton, Henry - 2019
If we reassess the rationality question under the assumption that the uncertainty of the natural world is largely … theory of ecological rationality. The main casualty of this rebuilding process is optimality. Once we view optimality as a … formal implication of quantified uncertainty rather than an ecologically meaningful objective, the rationality question …
Persistent link: https://www.econbiz.de/10011990913
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Random categorization and bounded rationality
Aguiar, Victor H. - 2016 - This version: August 2016
procedure. At any given trial, the decision maker deliberately randomizes over mental categories and chooses the best item … decision maker picks the default option. We provide the necessary and sufficient conditions that characterize this model in a …
Persistent link: https://www.econbiz.de/10011526886
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Experimental evidence on rational inattention
Cheremukhin, Anton; Popova, Anna; Tutino, Antonella - 2011
Persistent link: https://www.econbiz.de/10009425008
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Rational Inattention Via Ignorance Equivalence
Armenter, Roc - 2020
We present a novel approach to finite Rational Inattention (RI) models based on the ignorance equivalent, a fictitious action with state-dependent payoffs that effectively summarizes the optimal learning and conditional choices. The ignorance equivalent allows us to recast the RI problem as a...
Persistent link: https://www.econbiz.de/10012843760
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Competing to Persuade a Rationally Inattentive Agent
Jain, Vasudha - 2020
Firms strategically disclose product information in order to attract consumers, butrecipients often find it costly to process all of it, especially when products have complexfeatures. We study a model of competitive information disclosure by two senders, inwhich the receiver may garble each...
Persistent link: https://www.econbiz.de/10012848500
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Rational Inattention Via Ignorance Equivalence
Armenter, Roc; Muller-Itten, Michele; Stangebye, Zachary - 2021
We present a novel approach to finite Rational Inattention (RI) models based on the ignorance equivalent, a fictitious action with state-dependent payoffs that effectively summarizes the optimal learning and conditional choices. The ignorance equivalent allows us to recast the RI problem as a...
Persistent link: https://www.econbiz.de/10014048696