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Rational inattention via ignorance equivalence

Armenter, Roc; Müller-Itten, Michèle; Stangebye, … - 2020

Persistent link: https://www.econbiz.de/10012372891

Survey : rational inattention, a disciplined behavioral model

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

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

Mechanics of linear quadratic Gaussian rational inattention tracking problems

Fulton, Chad - 2017

This paper presents a general framework for constructing and solving the multivariate static linear quadratic Gaussian (LQG) rational inattention tracking problem. We interpret the nature of the solution and the implied action of the agent, and we construct representations that formalize how the...

Persistent link: https://www.econbiz.de/10011803264

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

Two-dimensional information acquisition in social learning

Bobkova, Nina; Mass, Helene - In: Journal of economic theory 202 (2022), pp. 1-14

Persistent link: https://www.econbiz.de/10013373485

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

We show how information acquisition costs can be identified using observable choice data. Identifying information costs from behavior is especially relevant when these costs depend on factors-such as time, effort, and cognitive resources-that are difficult to observe directly, as in models of...

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

Geometric methods for finite rational inattention

Armenter, Roc; Müller-Itten, Michèle; Stangebye, … - In: Quantitative economics : QE ; journal of the … 15 (2024) 1, pp. 115-144

We present a geometric approach to the finite Rational Inattention (RI) model, recasting it as a convex optimization problem with reduced dimensionality that is well suited to numerical methods. We provide an algorithm that outperforms existing RI computation techniques in terms of both speed...

Persistent link: https://www.econbiz.de/10014496939

Constrained versus unconstrained rational inattention

Azrieli, Yaron - In: Games 12 (2021) 1/3, pp. 1-22

The rational inattention literature is split between two versions of the model: in one, mutual information of states and signals are bounded by a hard constraint, while, in the other, it appears as an additive term in the decision maker's utility function. The resulting constrained and...

Persistent link: https://www.econbiz.de/10012432524

Chapter 4. Rational Inattention and Monetary Economics

Sims, Christopher A. - In: Handbook of monetary economics : volume 3, (pp. 155-181). 2010

Rational inattention theory is economic theory that recognizes that people have finite information-processing capacity …, in the sense of Shannon and engineering information theory. This approach is still in the early stages of development … macroeconomics and finance. In this chapter we introduce the basic ideas of information theory, show how it can be introduced …

Persistent link: https://www.econbiz.de/10014025676

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