Rationally Inattentive Behavior: Characterizing and Generalizing Shannon Entropy
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We provide a full behavioral characterization of the standard Shannon model of rational inattention. The key axiom is "Invariance under Compression", which identifies this model as capturing an ideal form of attention-constrained choice. We introduce tractable generalizations that allow for many of
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美国国家经济研究局创建时间：
2017-08-01
