G2TT
来源类型Discussion paper
规范类型论文
来源IDDP13243
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
URLhttps://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.
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