G2TT
来源类型Discussion paper
规范类型论文
来源IDDP10720
DP10720 Rational Inattention Dynamics: Inertia and Delay in Decision-Making
jakub steiner; Filip Matějka; Colin Stewart
发表日期2015-07-19
出版年2015
语种英语
摘要We solve a general class of dynamic rational-inattention problems in which an agent repeatedly acquires costly information about an evolving state and selects actions. The solution resembles the choice rule in a dynamic logit model, but it is biased towards an optimal default rule that depends only on the history of actions, not on the realized state. We apply the general solution to the study of (i) the status quo bias; (ii) inertia in actions leading to lagged adjustments to shocks; and (iii) the tradeoff between accuracy and delay in decision-making.
主题Industrial Organization ; Macroeconomics and Growth
关键词Rational inattention Information acquisition Dynamic logit Adjustment delay
URLhttps://cepr.org/publications/dp10720
来源智库Centre for Economic Policy Research (United Kingdom)
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/539551
推荐引用方式
GB/T 7714
jakub steiner,Filip Matějka,Colin Stewart. DP10720 Rational Inattention Dynamics: Inertia and Delay in Decision-Making. 2015.
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