Limited information capacity as a source of inertia

DOI10.1016/J.JEDC.2003.08.002zbMATH Open1201.91157OpenAlexW2151634366MaRDI QIDQ953698FDOQ953698

Authors: Giuseppe Moscarini 

Publication date: 6 November 2008

Published in: Journal of Economic Dynamics and Control (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.jedc.2003.08.002

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zbMATH Keywords

inertiainformation capacityprice stickinesstime-dependent rules

Mathematics Subject Classification ID

Statistical aspects of information-theoretic topics (62B10) Inference from stochastic processes and prediction (62M20) Decision theory (91B06) Economic time series analysis (91B84) Information theory (general) (94A15)

Cites Work

• A Mathematical Theory of Communication
• Title not available (Why is that?)
• Title not available (Why is that?)
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• Sticky Information versus Sticky Prices: A Proposal to Replace the New Keynesian Phillips Curve
• Real-Time Decentralized Information Processing as a Model of Organizations with Boundedly Rational Agents
• Inflation and Costs of Price Adjustment
• The Optimal Level of Experimentation
• The Law of Large Demand for Information

Cited In (8)

• Optimal ownership of entrepreneurial firms with rational inattention
• Cognitive limits and preferences for information
• Intervention with limited information
• Information acquisition and learning from prices over the business cycle
• Effects of common factors on dynamics of stocks traded by investors with limited information capacity
• Inertia and reactivity in decision making as cognitive variational inequalities
• Rational status quo
• The price of flexibility: towards a theory of thinking aversion

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