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Rational inattention in the frequency domain

Jurado, Kyle - 2020

This paper solves the canonical dynamic rational inattention problem of Sims (2003) by formulating it in the frequency domain. The solution complements and extends existing results, which have been derived in the time domain. The paper provides a simple algorithm that quickly and accurately...

Persistent link: https://www.econbiz.de/10012606993

The dynamics of inattention in the (baseball) field

Archsmith, James; Heyes, Anthony; Neidell, Matthew; … - 2021

Recent theoretical and empirical work characterizes attention as a limited resource that decision-makers strategically allocate. There has been less research on the dynamic interdependence of attention: how paying attention now may affect performance later. In this paper, we exploit...

Persistent link: https://www.econbiz.de/10012549756

Dogit model and rational inattention

Nchare, Karim - In: Economics letters 205 (2021), pp. 1-3

Persistent link: https://www.econbiz.de/10013202937

Beyond quantified ignorance : rebuilding rationality without the bias bias

Brighton, Henry - 2019

If we reassess the rationality question under the assumption that the uncertainty of the natural world is largely … theory of ecological rationality. The main casualty of this rebuilding process is optimality. Once we view optimality as a … formal implication of quantified uncertainty rather than an ecologically meaningful objective, the rationality question …

Persistent link: https://www.econbiz.de/10011990913

Libertarian Paternalism, Information Sharing, and Financial Decision-Making

Carlin, Bruce I. - 2010

We develop a theoretical model to study the welfare effects of libertarian paternalism on information acquisition, social learning, and financial decision-making. Individuals in our model are permitted to appreciate and use the information content in the default options set by a social planner....

Persistent link: https://www.econbiz.de/10013146853

Experimental evidence on rational inattention

Cheremukhin, Anton; Popova, Anna; Tutino, Antonella - 2011

Persistent link: https://www.econbiz.de/10009425008

Rational inattentiveness in a forecasting experiment

Goecke, Henry; Luhan, Wolfgang J.; Roos, Michael W. M. - In: Journal of economic behavior & organization : JEBO 94 (2013), pp. 80-89

Persistent link: https://www.econbiz.de/10010249045

Experimental tests of rational inattention

Dean, Mark; Neligh, Nathaniel - Columbia University / Department of Economics - 2017

Persistent link: https://www.econbiz.de/10012056376

Market allocations under ambiguity : a survey

Billot, Antoine; Mukerji, Sujoy; Tallon, Jean-Marc - 2019

We review some of the (theoretical) economic implications of David Schmeidler's models of decision under uncertainty …

Persistent link: https://www.econbiz.de/10012121980

Consumer choice under limited attention when options have different information costs

Hüttner, Frank; Boyacı, Tamer; Akçay, Yalçın - 2016

Consumers often do not have complete information about the choices they face and therefore have to spend time and effort in acquiring information. Since information acquisition is costly, consumers have to trade-off the value of better information against its cost, and make their final choices...

Persistent link: https://www.econbiz.de/10011523814