Construct · 1 fields · 1 citations

rational inattention: a standalone construct

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Behavioral economics

people optimally choosing what information to absorb given limited capacity to process it, so responses to news are sluggish.

In behavioral economics, rational inattention refers to people optimally choosing what information to absorb given limited capacity to process it, so responses to news are sluggish. This meaning comes from Sims (2003) in Journal of Monetary Economics.[1]

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Nearby constructs

capacity5 fields · 8 citationsjingle · one word, four limits information4 fields · 5 citationsjingle · one word, four constructs process3 fields · 3 citationsjingle · one word, three constructs

References

Sims, C. A. (2003). Implications of rational inattention. Journal of Monetary Economics, 50(3), 665-690. https://doi.org/10.1016/s0304-3932(03)00029-1

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