Attention and choices with multiple states and actions: A laboratory experiment

B-Tier
Journal: Journal of Economic Behavior and Organization
Year: 2022
Volume: 199
Issue: C
Pages: 86-102

Score contribution per author:

0.673 = (α=2.02 / 3 authors) × 1.0x B-tier

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

Abstract

We study how a rationally inattentive decision maker chooses state-contingent actions under uncertainty in complex environments. We explore a series of decision problems by varying the number of states as well as incentive structures. We fully characterize the theoretical solutions and compare them to choices made by subjects facing those problems in a controlled laboratory experiment.

Technical Details

RePEc Handle
repec:eee:jeborg:v:199:y:2022:i:c:p:86-102
Journal Field
Theory
Author Count
3
Added to Database
2026-01-25