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The devil you know : rational inattention to discrete choices when prior information matters

Pellegrino, Bruno - 2023

decision maker's prior information to be asymmetric across choices. In this paper, I solve the RI-logit model analytically for …, decision makers can be biased, display aversion to prior uncertainty, and thus tend to select choices that are familiar (i …

Persistent link: https://www.econbiz.de/10014247316

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

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

Survey : rational inattention, a disciplined behavioral model

Maćkowiak, Bartosz; Matejka, Filip; Wiederholt, Mirko - 2018

Persistent link: https://www.econbiz.de/10012000539

Stochastic choice and rational inattention

Lin, Yi-Hsuan - In: Journal of economic theory 202 (2022), pp. 1-43

Persistent link: https://www.econbiz.de/10013373398

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

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...