rationality, that we calibrate using a combination of eye-tracking and choice data. Our model extends the directed cognition model …

contribute to our understanding of these issues by postulating a model of income uncertainty within a hyperbolic discounting … further extend the analysis with uncertainty about future incomes. Specifically, individuals live for three periods, and the … add biases and uncertainty to characterize their implications and measure the costs of the intertemporal inconsistencies …

Models derived from random utility theory represent the workhorse methods to learn about consumer preferences from …

helps us understand a variety of phenomena across fields of economics. The theory of rational inattention assumes that …