Constrained versus unconstrained rational inattention

DOI10.3390/G12010003MaRDI QIDQ2052480zbMATH OpenOpenAlexFDO

Authors Yaron Azrieli

Publication date 26 November 2021

Published in Games (Search for Journal in Brave)

Copyright license Creative Commons Attribution 4.0 International

Full work available at URL https://doi.org/10.3390/g12010003

zbMATH Keywords

costly informationrational inattentionShannon entropy

Mathematics Subject Classification ID

Applications of game theory (91A80) Decision theory (91B06)

Review text

The authors pointed out that when two versions of a problem are closely related solutions may differ seriously. That is, the decisions based in one versions are not to be transferred to the other. So, tests on the validity of the rational inattention model provide conclusions depending on the versions tested. The author derived lemmas, propositions and theorems

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Cites work

• A Mathematical Theory of Communication
• Convex Analysis
• Dynamic rational inattention: analytical results
• Estimating information cost functions in models of rational inattention
• Persuasion with limited communication capacity
• Rational inattention dynamics: inertia and delay in decision-making
• Rational inattention, optimal consideration sets, and stochastic choice
• Rigid pricing and rationally inattentive consumer

Cited in

(8)

• Restricted attention, myoptic play, and the learning of equilibrium
• An equivalence between rational inattention problems and complete-information conformity games
• Rational inattention and the monotone likelihood ratio property
• Rational inattention in the frequency domain
• Paying for inattention
• A concavity in the value of information
• A note on rational inattention and rate distortion theory
• The two-period rational inattention model: Accelerations and analyses

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