Footnote:
Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments November 2018 erstellt
Description:
We introduce a simple method of recovering attention costs from choice data. Our method rests on a precise analogy with production theory. Costs of attention determine consumer demand and consumer welfare just as a competitive firm's technology determines its supply curve and profits. We implement our recovery method experimentally, outline applications, and link our work to the broader literature on inattention and mistaken decisions