agents cannot process all available information, but they can choose which exact pieces of information to attend to. Several … important results in economics have been built around imperfect information. Nowadays, many more forms of information than ever … before are available due to new technologies, and yet we are able to digest little of it. Which form of imperfect information …

We show what the rational inattention model predicts about the treatment effect of information provided during a … after an information treatment. The predictions of the model are consistent with a negative relationship between the level … of inflation and the magnitude of information treatment effects found in surveys across countries and time: when …