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The Devil You Know : Rational Inattention to Discrete Choices When Prior Information Matters
Pellegrino, Bruno - 2023
, decision makers can be biased, display aversion to prior uncertainty, and thus tend to select choices that are familiar (i … risk-averse investors who select risky projects in an environment characterized by epistemic uncertainty (risk …
Persistent link: https://www.econbiz.de/10014358846
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The Devil You Know : Rational Inattention to Discrete Choices when Prior Information Matters
Pellegrino, Bruno - 2023
, decision makers can be biased, display aversion to prior uncertainty, and thus tend to select choices that are familiar (i … risk-averse investors who select risky projects in an environment characterized by epistemic uncertainty (risk …
Persistent link: https://www.econbiz.de/10014348996
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Rationally Inattentive Preferences
de Oliveira, Henrique - 2017
temporal resolution of uncertainty (Kreps and Porteus [1978]), and describe a procedure to identify model parameters from …
Persistent link: https://www.econbiz.de/10012974280
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Rationally inattentive consumer : an experiment
Civelli, Andrea; Deck, Cary A.; LeBlanc, Justin D.; … - 2018
This paper presents a laboratory experiment that directly tests the theoretical predictions of consumption choices … reduce uncertainty about income by acquiring signals about it. The informativeness of the signals directly relates to the … of the theory: 1) Subjects optimally make stochastic consumption choices; 2) They respond to incentives and changes in …
Persistent link: https://www.econbiz.de/10012030042
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Inattention and belief polarization
Nimark, Kristoffer P.; Sundaresan, Savitar - In: Journal of economic theory 180 (2019), pp. 203-228
Persistent link: https://www.econbiz.de/10012131636
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Rational inattention during an RCT
Maćkowiak, Bartosz; Wiederholt, Mirko - 2024
We show what the rational inattention model predicts about the treatment effect of information provided during a randomized control trial. This is a non-trivial question because the model implies optimal attention choice before, during, and after an information treatment. The predictions of the...
Persistent link: https://www.econbiz.de/10014484232
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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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Rationally inattentive savers and monetary policy changes : a laboratory experiment
Civelli, Andrea; Deck, Cary A.; Tutino, Antonella - 2019
Persistent link: https://www.econbiz.de/10012230403
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Rationally inattentive savers and monetary policy changes : a laboratory experiment
Civelli, Andrea; Deck, Cary A.; Tutino, Antonella - 2020
Persistent link: https://www.econbiz.de/10012209153
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The standard model of rational risky decision-making
Falahati, Kazem - In: Journal of risk and financial management : JRFM 14 (2021) 4, pp. 1-22
Expected utility theory (EUT) is currently the standard framework which formally defines rational decision-making under … behaviour under utility theory is incompatible with scarcity of resources, making behaviour consistent with EUT irrational and …
Persistent link: https://www.econbiz.de/10012520657