Rational Inattention, Competitive Supply, and Psychometrics*
提出一种从选择数据中恢复注意力成本的简单方法,基于与生产理论的精确类比,并通过实验验证,适用于分析消费者需求和福利。
Abstract We introduce a simple method of recovering attention costs from choice data. Our method rests on a precise analogy with production theory. Costs of attention determine consumer demand and consumer welfare, just as a competitive firm’s technology determines its supply curve and profits. We implement our recovery method experimentally, outline applications, and link our work to the broader literature on inattention and mistaken decisions.