Wishful thinking Abstract We model agents who get utility from their beliefs and therefore interpret information optimistically. They may exhibit […]

Rational inattention, competitive supply, and psychometrics Abstract We show that rational inattention gives rise to consideration sets. We introduce linear

Rational inattention, competitive supply, and psychometrics Abstract We recover attention costs from choice data based on a precise analogy with

Comparison of Decisions Under Unknown Experiments Abstract An econometrician wants to determine which of two experiments provides higher expected utility

Rationally Inattentive Behavior: Characterizing and Generalizing Shannon Entropy Abstract We provide a full behavioral characterization of the standard Shannon model