RATIONAL INATTENTION, COMPETITIVE SUPPLY, AND PSYCHOMETRICS
RATIONAL INATTENTION, COMPETITIVE SUPPLY, AND PSYCHOMETRICS
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DOI:
10.1093/qje/qjaa011
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发表时间:
2020-08-01
影响因子:
13.7
通讯作者:
Nov, Oded
中科院分区:
文献类型:
--
作者:
Caplin, Andrew;Csaba, Daniel;Nov, Oded
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.