• Another alternative – and this is the one that rational inattention chooses – is to model agents as having only a probability distribution over the true state of the world, instead of knowing the state of the world with certainty. For instance, imagine looking at a thermometer or yourwatch:While being – inmost cases, at least – highly correlated with the actual temperature or time, respective...

The ability to outline the world and our place in it characterises our humanity. Stroke or brain injury can alter this world-making capability temporarily or permanently. The stroke patient's world, once intelligible and practicable, is transformed into a confusing, unapproachable and hostile environment. The skills of intellect, sensation, awareness and movement, which are honed over the cours...

We relate two main representations of the cost acquiring information: a that depends on experiment performed, as in statistical decision theory, and distribution posterior beliefs, applications rational inattention. show many cases interest, posterior-based costs are inconsistent with primitive model costly experimentation. The inconsistency is at core known limits to application inattention ga...

Recently, driver inattention has become the leading cause of automobile accidents. As a result, driver's perception and decision-making abilities are diminished, can lose control car. To prevent accidents caused by inattention, it’s vital to continuously monitor his driving behaviour inform him if he becomes distracted or sleepy. This topic been subject study for decades. Whenever feasible reco...

We study the role of inattention as a key source inertia in health plan choices. Our structural model shows that more than 90% elderly Switzerland are inattentive and thus stick to their previous plan. estimate sizeable switching costs even conditional on attention explaining part observed choice persistence. Inattention leads overspending generates considerable welfare losses for most consumer...

Recent research has led to the hypothesis that events which unfold in time might be spatially represented in a left-to-right fashion, resembling writing direction. Here we studied fourteen right-hemisphere damaged patients, with or without neglect, a disorder of spatial awareness affecting contralesional (here left) space processing and representation. We reasoned that if the processing of time...

A patient with left hemispatial neglect, while completely unaware of features on the left side of figures, nevertheless perceived geometric illusions dependent on these features. Bisection errors were amplified not only by increasing line length, but also by perceived line length induced by these illusions. Bisection of Judd illusion figures was as much influenced by neglected features on the l...