Inattention is a central, unifying theme for much of behavioral economics. It permeates such
disparate fields as microeconomics, macroeconomics, finance, public economics, and …

Low-income families often live in low-upward-mobility neighborhoods. We study why by
using a randomized trial with housing voucher recipients that provided information, financial …

We unite two basic approaches to modelling limited attention in choice by showing that the
rational inattention model implies the formation of consideration sets—only a subset of the …

ABSTRACT I develop a structural model of mortgage demand and lender competition to
study how leverage regulation affects the UK mortgage market. Using variation in risk …

Competition in health insurance markets may fail to improve health outcomes if consumers
are not able to identify high-quality plans. We develop and apply a novel instrumental …

We propose a robust method of discrete choice analysis when agents' choice sets are
unobserved. Our core model assumes nothing about agents' choice sets apart from their …

Consumers' health plan choices are highly persistent even though optimal plans change
over time. This paper separates two sources of inertia, inattention to plan choice and …

We examine how 17 behavioural biases relate to each other, to three standard measures of
risk and time preferences, to cognitive skills, personality, and demographics, and to …

This paper illustrates how one can deduce preference from observed choices when
attention is both limited and random. We introduce a random attention model where we …

We propose a theory of the complexity of economic decisions. Leveraging a macroeconomic
framework of production functions, we conceptualize the mind as a cognitive economy …