| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP15408 |
| DP15408 Rational Inattention: A Review | |
| Bartosz Mackowiak; Filip Matějka; Mirko Wiederholt | |
| 发表日期 | 2020-10-27 |
| 出版年 | 2020 |
| 语种 | 英语 |
| 摘要 | We review the recent literature on rational inattention, identify the main theoretical mechanisms, and explain how it helps us understand a variety of phenomena across fields of economics. The theory of rational inattention assumes that agents cannot process all available information, but they can choose which exact pieces of information to attend to. Several important results in economics have been built around imperfect information. Nowadays, many more forms of information than ever before are available due to new technologies, and yet we are able to digest little of it. Which form of imperfect information we possess and act upon is thus largely determined by which information we choose to attend to. These choices are driven by current economic conditions and imply behavior that features numerous empirically supported departures from standard models. Combining these insights about human limitations with the optimizing approach of neoclassical economics yields a new, generally applicable model. |
| 主题 | Monetary Economics and Fluctuations |
| 关键词 | Rational inattention Information choice |
| URL | https://cepr.org/publications/dp15408 |
| 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/544395 |
| 推荐引用方式 GB/T 7714 | Bartosz Mackowiak,Filip Matějka,Mirko Wiederholt. DP15408 Rational Inattention: A Review. 2020. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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