A “quantized” approach to rational inattention

B-Tier
Journal: European Economic Review
Year: 2017
Volume: 100
Issue: C
Pages: 50-71

Score contribution per author:

2.011 = (α=2.01 / 1 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

In this paper, I propose a model of rational inattention where the choice variable is a deterministic function of the exogenous variables, and still only a finite amount of information is being used. This holds provided the choice variable is discrete rather than continuous; that is, the mapping from the realization of the exogenous variables to the endogenous ones is piece-wise constant.

Technical Details

RePEc Handle
repec:eee:eecrev:v:100:y:2017:i:c:p:50-71
Journal Field
General
Author Count
1
Added to Database
2026-01-29