@article{caplin_revealed_2015,
	title = {Revealed {Preference}, {Rational} {Inattention}, and {Costly} {Information} {Acquisition}},
	volume = {105},
	issn = {0002-8282},
	url = {https://www.aeaweb.org/articles?id=10.1257/aer.20140117},
	doi = {10.1257/aer.20140117},
	abstract = {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 expected benefits of learning? We develop a revealed preference test that characterizes all patterns of choice "mistakes" consistent with a general model of optimal costly information acquisition and identify the extent to which information costs can be recovered from choice data. (JEL D11, D81, D83)},
	language = {en},
	number = {7},
	urldate = {2019-03-07},
	journal = {American Economic Review},
	author = {Caplin, Andrew and Dean, Mark},
	month = jul,
	year = {2015},
	keywords = {Belief, Communication, Consumer Economics: Theory, Criteria for Decision-Making under Risk and Uncertainty, Search, Information and Knowledge, Learning, Unawareness},
	pages = {2183--2203},
}

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