Revealed Preference, Rational Inattention, and Costly Information Acquisition

نویسندگان
چکیده

برای دانلود باید عضویت طلایی داشته باشید

برای دانلود متن کامل این مقاله و بیش از 32 میلیون مقاله دیگر ابتدا ثبت نام کنید

اگر عضو سایت هستید لطفا وارد حساب کاربری خود شوید

منابع مشابه

Rational Inattention with Sequential Information Sampling∗

We generalize the rationalize inattention framework proposed by Sims (2010) to allow for cost functions other than Shannon’s mutual information. Unlike other general treatments of the problem, our particular concern is with the additional structure that results when a large number of successive samples of information about the decision situation (each only minimally informative by itself) can b...

متن کامل

Costly Acquisition of (Differentiated) Information

Consumers' choices among many different types of information sub-a-fields are examined in a large, perfectly competitive pure exchange economy in which information serves as a consumption good as well as a device to aid in the maximization of state-dependent utility. Analysis of derived preferences over information and wealth (and the resulting value of information function) implies that indivi...

متن کامل

Discussion Paper Series Would Rational Voters Acquire Costly Information? Would Rational Voters Acquire Costly Information?

We analyze an election in which voters are uncertain about which of two alternatives is better for them. Voters can, however, acquire some costly information about the alternatives. As the number of voters increases, individual investment in political information declines to zero. However, the election outcome is likely to correspond to the interest of the majority if the marginal cost of infor...

متن کامل

Ethical Voters and Costly Information Acquisition∗

Game theoretic and statistical models have emphasized the desirable information aggregation properties of large elections. However, such models do not explain why voters choose to acquire costly information. In this paper we use an ethical voter model to endogenize the decision to acquire information. We show that a significant fraction of the electorate will acquire costly information. However...

متن کامل

Money, barter, and costly information acquisition ¬リニ

Endogenous information structure is analyzed in a search model of production and exchange under qualitative uncertainty by allowing agents to invest in an inspection technology at a fixed cost where incurring a higher cost permits quality to be recognized with higher probability. In any equilibria where agents acquire information, some bad commodities are always produced. The information acquis...

متن کامل

ذخیره در منابع من


  با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید

ژورنال

عنوان ژورنال: American Economic Review

سال: 2015

ISSN: 0002-8282

DOI: 10.1257/aer.20140117