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来源类型 | Working Paper |
规范类型 | 报告 |
DOI | 10.3386/w23652 |
来源ID | Working Paper 23652 |
Rationally Inattentive Behavior: Characterizing and Generalizing Shannon Entropy | |
Andrew Caplin; Mark Dean; John Leahy | |
发表日期 | 2017-08-07 |
出版年 | 2017 |
语种 | 英语 |
摘要 | We provide a full behavioral characterization of the standard Shannon model of rational inattention. The key axiom is "Invariance under Compression", which identifies this model as capturing an ideal form of attention-constrained choice. We introduce tractable generalizations that allow for many of the known behavioral violations from this ideal, including asymmetries and complementarities in learning, context effects, and low responsiveness to incentives. We provide an even more general method of recovering attention costs from behavioral data. The data set in which we characterize all behavioral patterns is "state dependent" stochastic choice data. |
主题 | Microeconomics ; Economics of Information |
URL | https://www.nber.org/papers/w23652 |
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/581326 |
推荐引用方式 GB/T 7714 | Andrew Caplin,Mark Dean,John Leahy. Rationally Inattentive Behavior: Characterizing and Generalizing Shannon Entropy. 2017. |
条目包含的文件 | ||||||
文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
w23652.pdf(578KB) | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 |
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