Maćkowiak, Bartosz; Matejka, Filip; Wiederholt, Mirko - 2021
helps us understand a variety of phenomena across fields of economics. The theory of rational inattention assumes that … important results in economics have been built around imperfect information. Nowadays, many more forms of information than ever … standard models. Combining these insights about human limitations with the optimizing approach of neoclassical economics yields …