Showing 1 - 3 of 3
Attention costs can cause some information to be ignored and decisions to be imperfect. Can we improve the material welfare of a rationally inattentive agent by restricting his information in the first place? In our model, a well-intentioned principal provides information to an agent for whom...
Persistent link: https://www.econbiz.de/10012899571
Persistent link: https://www.econbiz.de/10012595683
A well-intentioned principal provides information to a rationally inattentive agent without internalizing the agent's cost of processing information. Whatever information the principal makes available, the agent may choose to ignore some. We study optimal information provision in a tractable...
Persistent link: https://www.econbiz.de/10012831783