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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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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
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Subjective information choice processes
Dillenberger, David; Krishna, R. Vijay; Sadowski, Philipp - 2020
Persistent link: https://www.econbiz.de/10012299156
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Subjective information choice processes
Dillenberger, David; Krishna, R. Vijay; Sadowski, Philipp - In: Theoretical economics : TE ; an open access journal in … 18 (2023) 2, pp. 529-559
information a decision maker can acquire, pay attention to, or absorb via an information choice process (ICP). An ICP specifies …
Persistent link: https://www.econbiz.de/10014325200
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Modeling sequential information acquisition behavior in rational decision making
Tavana, Madjid; Di Caprio, Debora; Santos Arteaga, … - In: Decision sciences : DS 47 (2016) 4, pp. 720-761
Persistent link: https://www.econbiz.de/10011628070
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Rational inattention when decisions take time
Hébert, Benjamin; Woodford, Michael - In: Journal of economic theory 208 (2023), pp. 1-27
Persistent link: https://www.econbiz.de/10014390559
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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