Persuading a rationally inattentive agent

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August undefined, 2024

Weband receives a payoff u(x, α). Following Sims (2003), we model our agents as rationally inattentive: processing information about the shocks αallows the action xto depend on … WebSecond, I show that the agent rationally chooses to be inattentive to news, only sporadically updating her information. I solve for the optimal length of inattentiveness and …

Competing to Persuade a Rationally Inattentive Agent

Web22. júl 2024 · Competing to Persuade a Rationally Inattentive Agent July 2024 Authors: Vasudha Jain Mark Whitmeyer Abstract Firms strategically disclose product information … Web23. dec 2024 · Prior to making the decision, the agents can flexibly acquire costly information. We show that the principal can generally benefit from delegation when the … feilbach motorcycle

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WebExamples of rational agent in a sentence, how to use it. 18 examples: A rational agent would only modify its preferences upon receipt of new… http://old.gtcenter.org/Archive/2024/Conf/Jain3278.pdf WebIn this section, we provide a complete analysis of rationally inattentive preferences. We ﬁrst provide an axiomatic characterization (Theorem 1), then introduce additional … feil catering walldorf

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Competing to Persuade a Rationally Inattentive Agent - SSRN

WebHome; Handbook of Ethics, Values, and Technological Design: Sources, Theory, Values and Application Domains [1 ed.] 9789400769694, 9789400769700, 9789400769717 Web16. apr 2024 · Receiver is rationally inattentive (Sims (2003)): attention costs are proportional to the mutual information (expected entropy reduction) between Sender’s … define wear out your welcomeWebDownloadable! We apply the rational inattention approach to information frictions to a discrete choice problem. The rationally inattentive agent chooses how to process … feilan ft 011 rc boat

"WebThe rationally inattentive agent’s choices are context dependent where context is de ned by prior beliefs that represent the immediately apparent characteristics of the options. As the … " - Persuading a rationally inattentive agent

Persuading a rationally inattentive agent

Persuasion under costly learning - ScienceDirect

WebIn a rational inattention model, an agent can choose in a flexible way what kind and how much information to absorb. The agent then acts based on the chosen information.This is … Webprior information of the rationally inattentive agent is summarized in a constant vector of utilities in the corre-sponding ARUM. 1. introduction In many situations where agents …

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Web1. jan 2024 · Can we improve the material welfare of a rationally inattentive agent by restricting his information in the first place? In our model, a well-intentioned principal … Webtheir attention as much as a rationally-inattentive agent.2 Testing rational inattention is diﬃcult for a variety of reasons. First, it is typically hard to observe direct measures of …

Web5. okt 2024 · Rational persuasion is just one of a set of influence tactics available to leaders. There are two main categories of tactics: hard and soft. In general, soft influencing tactics … Webrationally choose to stay partly ignorant. Moreover, there are many situations in which multiple senders compete via information provision to be chosen by the agent. In this …

Web13. feb 2024 · Some rational agents in AI include: Self-driving cars make decisions based on sensor data and optimize for safety and efficiency. Game-playing AI, such as AlphaGo, … WebS.Hrg. 107-840 — U.S. POLICY ON IRAQ

WebIn the political debate, lavish bonus schemes to managers in large corporations are often questioned on moral grounds as well as in terms of economic efficiency. Can high …

WebAbstract. We consider a novel application of inverse reinforcement learning with behavioral economics constraints to model, learn and predict the commenting behavior of YouTube … feila thenardWebRational inattention. In economics, the theory of rational inattention deals with the effects of the cost of information acquisition on decision making. For example, when the … feilcheneeld splinter forceps 11.5cmWebAgents: acting rationally A possible agent program function Re ex-Vacuum-Agent([ location , status ]) returns an action if status = Dirty then return Suck else if location = A then return … feil collision worksWebAmerican Economic Association define weather beatenWebthis connection, our rationally inattentive agent will not gain anything from violating the Choice Axiom because the information ow is the same regardless of whether the agent … feil companyWebcrete choice behavior of an agent who must allocate his limited attention to the available information about the choice situation. It is not uncommon for one to be faced with a … feil collision westford nyWeb5. sep 2024 · Rational persuasion is an effective influencing tactic leaders can use to convince others using facts, data, and examples. It involves providing evidence and using … define weather advisory