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来源类型 | Discussion paper |
规范类型 | 论文 |
来源ID | DP13243 |
DP13243 Survey: Rational Inattention, a Disciplined Behavioral Model | |
Bartosz Mackowiak; Filip Matějka; Mirko Wiederholt | |
发表日期 | 2018-10-12 |
出版年 | 2018 |
语种 | 英语 |
摘要 | A recent growing body of studies shows that many important phenomena in economics are, or can be, driven by the fact that humans cannot digest all available information, but they can choose which exact pieces of information to attend to. Such phenomena span macroeconomics, finance, labor economics, political economy, and beyond. People's choices of what information to attend to, i.e., what optimal heuristic to use, are driven by current economic conditions and determine the form of mistakes that they make. Combining these behavioral insights together with optimizing approaches of classical economics yields a new generally applicable model. The implied behavior features numerous types of empirically supported departures from existing classical models, is potentially highly practical for answering policy questions, and motivates further empirical work. One distinction from most models in behavioral economics is that this model allows for studying the adaptation of agents' behavioral biases due to changes in policy or economic conditions. |
主题 | International Macroeconomics and Finance ; Macroeconomics and Growth ; Monetary Economics and Fluctuations |
关键词 | Rational inattention Behavioral economics Endogenous information acquisition |
URL | https://cepr.org/publications/dp13243 |
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/542051 |
推荐引用方式 GB/T 7714 | Bartosz Mackowiak,Filip Matějka,Mirko Wiederholt. DP13243 Survey: Rational Inattention, a Disciplined Behavioral Model. 2018. |
条目包含的文件 | 条目无相关文件。 |
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