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Miegielsen, Simon - 2014

Persistent link: https://www.econbiz.de/10010423263

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

Geometric methods for finite rational inattention

Müller-Itten, Michèle; Armenter, Roc; Stangebye, … - 2021

Persistent link: https://www.econbiz.de/10012651413

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

Strategic pricing with rational inattention to quality

Martin, Daniel - In: Games and economic behavior 104 (2017), pp. 131-145

Persistent link: https://www.econbiz.de/10011793344

Choosing what to pay attention to

Fulton, Chad - In: Theoretical economics : TE ; an open access journal in … 17 (2022) 1, pp. 153-184

This paper studies static rational inattention problems with multiple actions and multiple shocks. We solve for the optimal signals chosen by agents and provide tools to interpret information processing. By relaxing restrictive assumptions previously used to gain tractability, we allow agents...

Persistent link: https://www.econbiz.de/10012806924

Pricing in retail markets with low search costs : evidence from a price comparison website

Lindgren, Charlie; Daunfeldt, Sven-Olov; Rudholm, Niklas - 2021

Price comparison websites, where consumers can compare prices at a search cost that is close to zero, have become increasingly common around the world. Using daily information on prices, click-throughs, and the number of retailers for a sample of consumer electronics and durable goods over a...

Persistent link: https://www.econbiz.de/10012605830

Rigid pricing and rationally inattentive consumer

Matějka, Filip - In: Journal of economic theory 158 (2015), pp. 656-678

Persistent link: https://www.econbiz.de/10011548932

Pricing when customers have limited attention

Boyacı, Tamer; Akçay, Yalçın - 2016

information about the value (quality) of the offered products. We model customer choice based on the theory of rational …

Persistent link: https://www.econbiz.de/10011436114

Pricing when customers have limited attention

Boyacı, Tamer; Akçay, Yalçın - In: Management science : journal of the Institute for … 64 (2018) 7, pp. 2995-3014

Persistent link: https://www.econbiz.de/10011899700