Behavioral Inattention

Behavioral Inattention

Auteur : Xavier Gabaix

Date de publication : 2018

Éditeur : Centre For Economic Policy Research

Nombre de pages : 95

Résumé du livre

This survey first discusses the most basic models of attention, using a fairly unified framework. Then, it discusses the methods used to measure attention, which present a number of challenges on which a great deal of progress has been achieved, although much more work needs to be done. It then examines the various theories of attention, both behavioral and more Bayesian. It finally discusses some applications. For instance, inattention offers a way to write a behavioral version of basic microeconomics, as in consumer theory and Arrow-Debreu. A last section is devoted to open questions in the attention literature.

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