| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w19318 |
| 来源ID | Working Paper 19318 |
| Behavioral Implications of Rational Inattention with Shannon Entropy | |
| Andrew Caplin; Mark Dean | |
| 发表日期 | 2013-08-09 |
| 出版年 | 2013 |
| 语种 | 英语 |
| 摘要 | The model of rational inattention with Shannon mutual information costs is increasingly ubiquitous. We introduce a new solution method that lays bare the general behavioral properties of this model and liberates development of alternative models. We experimentally test a key behavioral property characterizing the elasticity of choice mistakes with respect to attentional incentives. We find that subjects are less responsive to such changes than the model implies. We introduce generalized entropy cost functions that better match this feature of the data and that retain key simplifying features of the Shannon model. |
| 主题 | Microeconomics ; Economics of Information |
| URL | https://www.nber.org/papers/w19318 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/576992 |
| 推荐引用方式 GB/T 7714 | Andrew Caplin,Mark Dean. Behavioral Implications of Rational Inattention with Shannon Entropy. 2013. |
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