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Rational Inattention, Optimal Consideration Sets, and Stochastic Choice
16 references·16 citing·52 second hopsampled
Rational Inattention, Optimal Consideration Sets, and Stochastic Choice (2018)Rational Inattention, Optimal Considerati…Testing Models of Consumer Search Using Data on Web Browsing and Purchasing Behavior (2012)Testing Models of Consumer Se…Search Dynamics in Consumer Choice under Time Pressure: An Eye-Tracking Study (2011)Search Dynamics in Consumer C…Search and Satisficing (2011)Search and SatisficingRational Inattention to Discrete Choices: A New Foundation for the Multinomial Logit Model (2011)Rational Inattention to Discr…Salience and Taxation: Theory and Evidence (2009)Salience and Taxation: Theory…Optimal Sticky Prices under Rational Inattention (2009)Optimal Sticky Prices under R…Information Immobility and the Home Bias Puzzle (2009)Information Immobility and th…Limited Information and Advertising in the U.S. Personal Computer Industry (2008)Limited Information and Adver…An Experimental Measurement of Utility (2007)An Experimental Measurement o…Costly Information Acquisition: Experimental Analysis of a Boundedly Rational Model (2006)Costly Information Acquisitio…Implications of rational inattention (2003)Implications of rational inat…Development and Testing of a Model of Consideration Set Composition (1991)Development and Testing of a …An Evaluation Cost Model of Consideration Sets (1990)An Evaluation Cost Model of C…An Examination of Consumer Decision Making for a Common Repeat Purchase Product (1984)An Examination of Consumer De…A BEHAVIORAL MODEL OF RATIONAL CHOICE (1955)A BEHAVIORAL MODEL OF RATIONA…An Experimental Measurement of Utility (1951)An Experimental Measurement o…The Cost of Information: The Case of Constant Marginal Costs (2023)The Cost of Information: The …Human and Machine: The Impact of Machine Input on Decision Making Under Cognitive Limitations (2023)Human and Machine: The Impact…Rationally Inattentive Behavior: Characterizing and Generalizing Shannon Entropy (2022)Rationally Inattentive Behavi…Predictable Effects of Visual Salience in Experimental Decisions and Games (2022)Predictable Effects of Visual…Posterior Separable Cost of Information (2022)Posterior Separable Cost of I…Online and offline retailing: What we know and directions for future research (2022)Online and offline retailing:…Multivariate Rational Inattention (2022)Multivariate Rational Inatten…What do Consumers Consider Before They Choose? Identification from Asymmetric Demand Responses (2021)What do Consumers Consider Be…Long-Run Growth of Financial Data Technology (2020)Long-Run Growth of Financial …DISCRETE CHOICE AND RATIONAL INATTENTION: A GENERAL EQUIVALENCE RESULT (2020)DISCRETE CHOICE AND RATIONAL …Rules of Thumb and Attention Elasticities: Evidence from Under- and Overreaction to Taxes (2019)Rules of Thumb and Attention …Route choice, travel time variability, and rational inattention (2019)Route choice, travel time var…Discrete Actions in Information-Constrained Decision Problems (2019)Discrete Actions in Informati…What do consumers consider before they choose? Identification from asymmetric demand responses (2017)What do consumers consider be…Rationally Inattentive Behavior: Characterizing and Generalizing Shannon Entropy (2017)Rationally Inattentive Behavi…Behavioral Inattention (2017)Behavioral InattentionSome International Evidence on Output-Inflation Tradeoffs. (1973)An Economic Theory of Self-Control (1977)Golden Eggs and Hyperbolic Discounting (1997)Sticky Information versus Sticky Prices: A Proposal to Replace the New Keynesian Phillips Curve (2002)Were There Regime Switches in U.S. Monetary Policy? (2006)In Search of Attention (2011)Conditional logit analysis of qualitative choice behavior (1972)Marketing management: analysis. planning. implementation and control (2000)Customer repurchase intention (2003)Tried and tested: The impact of online hotel reviews on consumer consideration (2008)Choice overload: A conceptual review and meta‐analysis (2014)Advances in Consumer Research (2025)Advances in prospect theory: Cumulative representation of uncertainty (1992)Economic Links and Predictable Returns (2008)Investor Inattention and Friday Earnings Announcements (2009)A Sparsity-Based Model of Bounded Rationality * (2014)American Economic Review (2019)An Information Processing Theory of Consumer Choice (1979)Consumer Decision Making-Fact or Fiction? (1979)Behavioral Decision Theory: Processes of Judgement and Choice (1981)Conceptual model of the quality perception process (1990)The Different Roles of Product Appearance in Consumer Choice * (2004)An Examination of Moderator Effects in the Four-Stage Loyalty Model (2006)Judgment under Uncertainty: Heuristics and Biases (1975)Prospect theory: An analysis of decision under risk (1988)The magical number seven, plus or minus two: Some limits on our capacity for processing information. (1994)Switching barriers and repurchase intentions in services (2000)When choice is demotivating: Can one desire too much of a good thing? (2000)Understanding online purchase intentions: contributions from technology and trust perspectives (2003)Individual Choice Behavior: A Theoretical Analysis. (1960)Revealed Preference, Rational Inattention, and Costly Information Acquisition (2015)Behavioral inattention (2018)Resource-rational analysis: Understanding human cognition as the optimal use of limited computational resources (2019)A Contribution to the Theory of Taxation (1927)An Exploration in the Theory of Optimum Income Taxation (1971)Inequality at Work: The Effect of Peer Salaries on Job Satisfaction (2012)Does flattening government improve economic performance? Evidence from China (2016)Valuing Alternative Work Arrangements (2017)Staggered Prices in a Utility-Maximizing Framework (1996)INTEREST AND PRICES: FOUNDATIONS OF A THEORY OF MONETARY POLICY (2005)Nominal Rigidities and the Dynamic Effects of a Shock to Monetary Policy (2005)Information Acquisition and Under-Diversification (2009)What Can Survey Forecasts Tell Us about Information Rigidities? (2012)Is the Phillips Curve Alive and Well after All? Inflation Expectations and the Missing Disinflation (2015)On the Impossibility of Informationally Efficient Markets (1980)On the Impossibility of Informationally Efficient Markets (1980)Don't Believe the Hype: Local Media Slant, Local Advertising, and Firm Value (2012)Geographic dispersion and stock returns (2012)Investor Attention and Stock Market Volatility (2014)Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)The Framing of Decisions and the Psychology of Choice (1981)Exploration and Exploitation in Organizational Learning (1991)
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References

  • 1955A BEHAVIORAL MODEL OF RATIONAL CHOICE15,851 cited
  • 2003Implications of rational inattention3,869 cited
  • 2009Salience and Taxation: Theory and Evidence2,907 cited
  • 1990An Evaluation Cost Model of Consideration Sets1,026 cited
  • 2009Optimal Sticky Prices under Rational Inattention967 cited
  • 2009Information Immobility and the Home Bias Puzzle876 cited
  • 2011Rational Inattention to Discrete Choices: A New Foundation for the Multinomial Logit Model786 cited
  • 1984An Examination of Consumer Decision Making for a Common Repeat Purchase Product776 cited
  • 1991Development and Testing of a Model of Consideration Set Composition683 cited
  • 2006Costly Information Acquisition: Experimental Analysis of a Boundedly Rational Model595 cited
  • 2011Search Dynamics in Consumer Choice under Time Pressure: An Eye-Tracking Study567 cited
  • 1951An Experimental Measurement of Utility487 cited
  • 2012Testing Models of Consumer Search Using Data on Web Browsing and Purchasing Behavior438 cited
  • 2007An Experimental Measurement of Utility418 cited
  • 2008Limited Information and Advertising in the U.S. Personal Computer Industry382 cited

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  • 2011Search and Satisficing344 cited
  • Cited by

    • 2022Online and offline retailing: What we know and directions for future research185 cited
    • 2020Long-Run Growth of Financial Data Technology173 cited
    • 2023Human and Machine: The Impact of Machine Input on Decision Making Under Cognitive Limitations153 cited
    • 2021What do Consumers Consider Before They Choose? Identification from Asymmetric Demand Responses109 cited
    • 2022Rationally Inattentive Behavior: Characterizing and Generalizing Shannon Entropy108 cited
    • 2017Rationally Inattentive Behavior: Characterizing and Generalizing Shannon Entropy95 cited
    • 2017Behavioral Inattention85 cited
    • 2020DISCRETE CHOICE AND RATIONAL INATTENTION: A GENERAL EQUIVALENCE RESULT80 cited
    • 2017What do consumers consider before they choose? Identification from asymmetric demand responses61 cited
    • 2023The Cost of Information: The Case of Constant Marginal Costs59 cited
    • 2022Predictable Effects of Visual Salience in Experimental Decisions and Games58 cited
    • 2022Multivariate Rational Inattention50 cited
    • 2019Discrete Actions in Information-Constrained Decision Problems49 cited
    • 2019Rules of Thumb and Attention Elasticities: Evidence from Under- and Overreaction to Taxes45 cited
    • 2019Route choice, travel time variability, and rational inattention41 cited
    • 2022Posterior Separable Cost of Information40 cited