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We study the optimal pricing problem of a firm facing customers with limited attention and capability to process information about the value (quality) of the offered products. We model customer choice based on the theory of rational inattention in the economics literature, which enables us to...
Persistent link: https://www.econbiz.de/10011436114
Persistent link: https://www.econbiz.de/10011899700
We study the optimal pricing problem of a firm facing customers with limited attention and capability to process information about the value (quality) of the offered products. We model customer choice based on the theory of rational inattention in the economics literature, which enables us to...
Persistent link: https://www.econbiz.de/10011586627
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
Persistent link: https://www.econbiz.de/10010399020
the time of the study. The results have implications for theories of risk perception and show the potential for techniques … design interventions to increase perceived risk from radon and motivate testing. Results show that providing information … geographical distribution of radon risk increased perceived likelihood of exposure, general worry and willingness to test for it …
Persistent link: https://www.econbiz.de/10013040633
ethical. The aim of the present paper is to enrich the existing body of literature of risk perception-and in line with this …. Whilst the effect of cultural variables on risk perception has already been explored by several researchers, the present … paper shall be considered an expansion of those works, striving to address a particular segment of risk perception …
Persistent link: https://www.econbiz.de/10014233177
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