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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

The Law and Economics of Irrational Behavior : An Introduction

Parisi, Francesco; Smith, Vernon L. - 2006

economics and the findings of experimental economics, have led to a clash between the theory of rational-choice and those who … have presented an array of valuable contributions that, aware in their own application that rational choice theory can no … analytical model. These authors then proceed to offer a practical application of this modified theory to a variety of economic …

Persistent link: https://www.econbiz.de/10014069915

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

On rational forward-looking behaviour in economic geography : An experimental analysis

Barreda‐Tarrazona, Iván - 2020

This paper adapts the canonical New Economic Geography model for experimental testing of the model's behavioural assumptions by developing a finite-player, finite-horizon dynamic game of migration. Our analysis gives distinctive predictions when migration is consistent with myopic behaviour (MB)...

Persistent link: https://www.econbiz.de/10012846612

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

Ökonomische Rationalität zwischen Ideal und Illusion

Kettner, Matthias (ed.); Priddat, Birger P. (ed.) - Deutsche Gesellschaft für Philosophie / Arbeitsgruppe … - 2022

Persistent link: https://www.econbiz.de/10012622154

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

Rational choices : an ecological approach

Borah, Abhinash; Kops, Christopher - In: Theory and decision : an international journal for … 86 (2019) 3/4, pp. 401-420

Persistent link: https://www.econbiz.de/10012133543

Rationally inattentive consumer : an experiment

Civelli, Andrea; Deck, Cary A.; LeBlanc, Justin D.; … - 2018

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

Habits as adaptations : an experimental study

Matyskova, Ludmila; Rogers, Brian; Steiner, Jakub; Sun, … - 2018

Persistent link: https://www.econbiz.de/10012037866