Artikel
Constrained versus unconstrained rational inattention
The rational inattention literature is split between two versions of the model: in one, mutual information of states and signals are bounded by a hard constraint, while, in the other, it appears as an additive term in the decision maker's utility function. The resulting constrained and unconstrained maximization problems are closely related, but, nevertheless, their solutions differ in certain aspects. In particular, movements in the decision maker's prior belief and utility function lead to opposite comparative statics conclusions.
- Sprache
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Englisch
- Erschienen in
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Journal: Games ; ISSN: 2073-4336 ; Volume: 12 ; Year: 2021 ; Issue: 1 ; Pages: 1-22 ; Basel: MDPI
- Klassifikation
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Wirtschaft
- Thema
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costly information
rational inattention
Shannon entropy
- Ereignis
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Geistige Schöpfung
- (wer)
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Azrieli, Yaron
- Ereignis
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Veröffentlichung
- (wer)
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MDPI
- (wo)
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Basel
- (wann)
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2021
- DOI
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doi:10.3390/g12010003
- Handle
- Letzte Aktualisierung
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10.03.2025, 11:44 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Artikel
Beteiligte
- Azrieli, Yaron
- MDPI
Entstanden
- 2021
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