DISCRETE CHOICE AND RATIONAL INATTENTION: A GENERAL EQUIVALENCE RESULT

This article establishes a general equivalence between discrete choice and rational inattention models. Matějka and McKay (2015) showed that when information costs are modeled using the Shannon entropy, the choice probabilities in the rational inattention (RI) model take the multinomial logit form....

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Detalles Bibliográficos
Autores principales: Fosgerau, Mogens, Melo, Emerson, de Palma, André, Shum, Matthew
Formato: Online Artículo Texto
Lenguaje:English
Publicado: John Wiley and Sons Inc. 2020
Materias:
Original Articles
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC7687267/
https://www.ncbi.nlm.nih.gov/pubmed/33288966
http://dx.doi.org/10.1111/iere.12469

Internet

https://www.ncbi.nlm.nih.gov/pmc/articles/PMC7687267/
https://www.ncbi.nlm.nih.gov/pubmed/33288966
http://dx.doi.org/10.1111/iere.12469

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