Rational Inattention to Discrete Choices with Stable Priors
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How does prior information affect discrete choice? In the seminal rational inattention model of Matjka and McKay (2015), multinomial logit arises from the discrete choice of agents who are uncertain about choice payoffs and who have access to a flexible information acquisition technology (RI-logit).
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美国国家经济研究局创建时间：
2026-09-01
