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  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
Finance and Economics Discussion Series: The Two-Period Rational Inattention Model: Accelerations and Analyses

Finance and Economics Discussion Series: The Two-Period Rational Inattention Model: Accelerations and Analyses

Lewis, Kurt F.
United States Federal Reserve Board

Paperback

General Political Science

Publisher Price: $14.75

ISBN10: 1288707622
ISBN13: 9781288707621
Publisher: Bibliogov
Published: Feb 5 2013
Pages: 24
Weight: 0.14
Height: 0.05 Width: 7.44 Depth: 9.69
Language: English
This paper demonstrates the properties of and a solution method for the more general two-period Rational Inattention model of Sims (2006). It is shown that the corresponding optimization problem is convex and can be solved very quickly. This paper also demonstrates a computational tool well-suited to solving Rational Inattention models and further illustrates a critique raised in Sims (2006) regarding Rational Inattention models whose solutions assume parametric formulations rather than solve for their optimally-derived, non-parametric counterparts.

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