This chapter reviews the microeconometrics literature on partial identification, focusing on
the developments of the last thirty years. The topics presented illustrate that the available …

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

This article presents a selective review of economic research on attentional choice, taking
an observation of as its starting point. Because standard choice data conflate utilities and …

Apparently mistaken decisions are ubiquitous. To what extent does this reflect irrationality,
as opposed to a rational trade-off between the costs of information acquisition and the …

We present a theory of context-dependent choice in which a consumer's attention is drawn
to salient attributes of goods, such as quality or price. An attribute is salient for a good when …

We present a theory of choice among lotteries in which the decision maker's attention is
drawn to (precisely defined) salient payoffs. This leads the decision maker to a context …

Individuals must often choose among discrete actions with imperfect information about their
payoffs. Before choosing, they have an opportunity to study the payoffs, but doing so is …

We introduce three new classes of attention cost functions: posterior separable, uniformly
posterior separable, and invariant posterior separable. As with the Shannon cost function, all …

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 …

We model a boundedly rational agent who suffers from limited attention. The agent
considers each feasible alternative with a given (unobservable) probability, the attention …