TY  - BOOK
AU  - Caplin,Andrew
AU  - Csaba,Dániel
AU  - Leahy,John
AU  - Nov,Oded
ED  - National Bureau of Economic Research.
TI  - Rational Inattention, Competitive Supply, and Psychometrics
T2  - NBER working paper series
PY  - 2018///
CY  - Cambridge, Mass.
PB  - National Bureau of Economic Research
N1  - November 2018; Hardcopy version available to institutional subscribers
N2  - 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
UR  - https://www.nber.org/papers/w25224
UR  - http://dx.doi.org/10.3386/w25224
ER  -