Showing 1 - 6 of 6
Persistent link: https://www.econbiz.de/10011327378
Persistent link: https://www.econbiz.de/10010253912
We develop a revealed preference test for optimal acquisition of costly information. The test encompasses models of rational inattention, sequential signal processing, and search. We provide limits on the extent to which attention costs can be recovered from choice data. We experimentally elicit...
Persistent link: https://www.econbiz.de/10013059691
Persistent link: https://www.econbiz.de/10013253152
We develop a revealed preference test for optimal acquisition of costly information. The test encompasses models of rational inattention, sequential signal processing, and search. We provide limits on the extent to which attention costs can be recovered from choice data. We experimentally elicit...
Persistent link: https://www.econbiz.de/10012458788
Persistent link: https://www.econbiz.de/10014467240