Attention Cycles
收藏NBER2024-06-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w32553
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资源简介：
We study how bounded rationality coevolves with the business cycle. We introduce a business-cycle model in which firms face a cognitive cost of making precise decisions. Theoretically, we characterize equilibrium with non-parametric, state-dependent stochastic choice. Firms have greater incentives
提供机构：
美国国家经济研究局
创建时间：
2024-06-01
