Rational inattention during an RCT / Bartosz Mackowiak and Mirko Wiederholt
Contributor(s): Resource type: Ressourcentyp: Buch (Online)Book (Online)Language: English Series: Centre for Economic Policy Research. Discussion papers ; DP18875Publisher: London : Centre for Economic Policy Research, 02 March 2024Description: 1 Online-Ressource (circa 17 Seiten) : IllustrationenSubject(s): Genre/Form: Online resources: Summary: We show what the rational inattention model predicts about the treatment effect of information provided during a randomized control trial. This is a non-trivial question because the model implies optimal attention choice before, during, and after an information treatment. The predictions of the model are consistent with a negative relationship between the level of inflation and the magnitude of information treatment effects found in surveys across countries and time: when inflation is high, people respond less to provided information about inflation.PPN: PPN: 1882883101Package identifier: Produktsigel: ZDB-1-CEPPNo physical items for this record