Modelling of rational inattentio in economics












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            * Modelling of rational inattentio in economics
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            The research focuses on the implications of rational inattention to economic decisions of 

            and companies. Models of rational inattention focus on situations where it is costly for i
            to collect relevant information about a certain problem and rationally limit the amount of
            they receive. Filip Matějka, for example, studied the issue of price dynamics of a monopol

            costly for the monopolist to collect information about the demand for their product. The m
            replicate a wide range of facts observed in reality, for example, that prices vary between
            values, or that persistent shocks in prices are manifested with a delay. Matějka also stud

            of discrete choice, when individuals can choose from a limited number of options (such as 
            the detection of revenues is costly. Michal Bauer and Filip Matějka study rational inatten

            Specifically, they study how information on the ethnic origins of tenants or applicants fo
            the amount of information the other side finds out about them.




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            * Selected outputs
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            • MATĚJKA, F. Rationally Inattentive Seller: Sales and Discrete Pricing. Revise&resubmit i

              Economic Studies.
            • MATĚJKA, F. – McKAY, A. 2015. Rational Inattention to Discrete Choices: A New Foundation
              Multinomial Logit Model. American Economic Review, 105(1): 272-298.

            • BAUER, M. – BARTOŠ, V. – CHYTILOVÁ, J. – MATĚJKA, F. Attention Discrimination: Theory an
              Experiments with Monitoring Information Acquisition. Revise& resubmit in American Econom