SIGNAL EXTRACTION AND RATIONAL INATTENTION.

In this paper we examine the implications of two theories of informational frictions, signal extraction (SE) and rational inattention (RI), for optimal decisions and economic dynamics within the linear-quadratic-Gaussian (LQG) setting. We first show that if the variance of the noise and channel capa...

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Detalles Bibliográficos

Publicado en:	Economic Inquiry Vol. 52; no. 2; pp. 811 - 830
Autores principales:	LUO, YULEI, YOUNG, ERIC R.
Formato:	Artículo
Publicado:	Wiley-Blackwell Apr2014
Materias:	Economics Economic forecasting Economic models Income Prices Signal-to-noise ratio Information measurement
Acceso en línea:	Ver este registro en EBSCOhost