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When a decision-maker’s attention is limited, her decisions depend on what she focuses on. This gives interested parties an incentive to manipulate not only the substance of communication but also the decision-maker’s attention allocation. This paper models such attention manipulation. In...
Persistent link: https://www.econbiz.de/10010818440
This paper reviews a growing literature investigating how economic agents may learn rational expectations. Fully rational learning requires implausible initial information assumptions, therefore some form of bounded rationality has come into focus. Such learning models often converge to rational...
Persistent link: https://www.econbiz.de/10010684484
Self-employment is often used as synonymous with entrepreneurship. We define entrepreneurship as having the ambition to grow or innovate. As part of a large and representative survey in Sweden, business owners were asked to self-identify as either entrepreneurs or self-employed. The survey in...
Persistent link: https://www.econbiz.de/10010729197
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