Manzini, Paola; Mariotti, Marco - School of Economics and Finance, University of St. Andrews - 2013
We model the choice behaviour of an agent who is vNM rational but imperfectly attentive. We define inattention axiomatically through preference over menus and endowed alternatives: an agent is inattentive if it is better to be endowed with an alternative a than to be allowed to pick a from a...