Attention Constraints and Learning in Categories

References

• Barberis N, Shleifer A (2003) Style investing. J. Financial Econom. 68(2):161–199.Crossref, Google Scholar
• Barberis N, Shleifer A, Wurgler J (2005) Comovement. J. Financial Econom. 75(2):283–317.Crossref, Google Scholar
• Bazley WJ, Cronqvist H, Mormann M (2021) Visual finance: The pervasive effects of red on investor behavior. Management Sci. 67(9):5616–5641.Link, Google Scholar
• Bens DA, Monahan SJ, Steele LB (2018) The effect of aggregation of accounting information via segment reporting on accounting conservatism. Eur. Accounting Rev. 27(2):237–262.Crossref, Google Scholar
• Bhui R, Lai L, Gershman SJ (2021) Resource-rational decision making. Current Opinion Behav. Sci. 41:15–21.Crossref, Google Scholar
• Bordalo P, Gennaioli N, Shleifer A (2022) Salience. Annu. Rev. Econom. 14(1):521–544.Crossref, Google Scholar
• Braunlich K, Love BC (2022) Bidirectional influences of information sampling and concept learning. Psych. Rev. 129(2):213–234.Crossref, Google Scholar
• Caplin A (2016) Measuring and modeling attention. Annu. Rev. Econom. 8:379–403.Crossref, Google Scholar
• Caplin A, Csaba D, Leahy J, Nov O (2020) Rational inattention, competitive supply, and psychometrics. Quart. J. Econom. 135(3):1681–1724.Crossref, Google Scholar
• Carrasco M (2011) Visual attention: The past 25 years. Vision Res. 51(13):1484–1525.Crossref, Google Scholar
• Choi HM, Gupta-Mukherjee S (2022) Analysts’ reliance on industry-level vs. firm-specific information: Implications for information production. J. Bank. Finance 143:106555.Crossref, Google Scholar
• Drake MS, Jennings J, Roulstone DT, Thornock JR (2017) The comovement of investor attention. Management Sci. 63(9):2847–2867.Link, Google Scholar
• Ehrmann M, Jansen DJ (2022) Stock return comovement when investors are distracted: More, and more homogeneous. J. Internat. Money Finance 129:102742.Google Scholar
• Gabaix X (2019) Behavioral inattention. Handbook of Behavioral Economics: Applications and Foundations 1, vol. 2 (Elsevier, New York), 261–343.Crossref, Google Scholar
• Gibbons B, Iliev P, Kalodimos J (2021) Analyst information acquisition via EDGAR. Management Sci. 67(2):769–793.Link, Google Scholar
• Gottlieb J (2018) Understanding active sampling strategies: Empirical approaches and implications for attention and decision research. Cortex 102:150–160.Crossref, Google Scholar
• Hefti A, Heinke S (2015) On the economics of superabundant information and scarce attention. Œconom. History Methodology Philosophy 5(1):37–76.Google Scholar
• Heinke S (2019) Active and passive information acquisition: Application to financial markets. Preprint, submitted August 13, https://dx.doi.org/10.2139/ssrn.3391221.Google Scholar
• Huang S, Huang Y, Lin TC (2019) Attention allocation and return co-movement: Evidence from repeated natural experiments. J. Financial Econom. 132(2):369–383.Crossref, Google Scholar
• Kacperczyk M, Van Nieuwerburgh S, Veldkamp L (2016) A rational theory of mutual funds’ attention allocation. Econometrica 84(2):571–626.Crossref, Google Scholar
• Kahneman D (1973) Attention and Effort, vol. 1063 (Prentice-Hall, Englewood Cliffs, NJ).Google Scholar
• Krajbich I (2019) Accounting for attention in sequential sampling models of decision making. Current Opinion Psych. 29:6–11.Crossref, Google Scholar
• Liu H, Peng L, Tang Y (2023) Retail attention, institutional attention. J. Financial Quant. Anal. 58(3):1005–1038.Google Scholar
• Maćkowiak B, Wiederholt M (2009) Optimal sticky prices under rational inattention. Amer. Econom. Rev. 99(3):769–803.Crossref, Google Scholar
• Maćkowiak B, Wiederholt M (2015) Business cycle dynamics under rational inattention. Rev. Econom. Stud. 82(4):1502–1532.Crossref, Google Scholar
• Maćkowiak B, Matĕjka F, Wiederholt M (2023) Rational inattention: A review. J. Econom. Literature 61(1):226–273.Crossref, Google Scholar
• Mondria J (2010) Portfolio choice, attention allocation, and price comovement. J. Econom. Theory 145(5):1837–1864.Crossref, Google Scholar
• Nobre AC, Coull JT (2010) Attention and Time (Oxford University Press, New York).Crossref, Google Scholar
• Pashler H, Johnston JC (1998) Attentional limitations in dual-task performance. Pashler H, ed. Attention (Psychology Press, New York), 155–189.Google Scholar
• Pasten E, Schoenle R (2016) Rational inattention, multi-product firms and the neutrality of money. J. Monetary Econom. 80:1–16.Crossref, Google Scholar
• Peng L, Xiong W (2006) Investor attention, overconfidence and category learning. J. Financial Econom. 80(3):563–602.Crossref, Google Scholar
• Peng L, Xiong W, Bollerslev T (2007) Investor attention and time-varying comovements. Eur. Financial Management 13(3):394–422.Crossref, Google Scholar
• Rehder B, Colner RM, Hoffman AB (2009) Feature inference learning and eyetracking. J. Memory Language 60(3):393–419.Crossref, Google Scholar
• Schulte-Mecklenbeck M, Johnson JG, Böckenholt U, Goldstein DG, Russo JE, Sullivan NJ, Willemsen MC (2017) Process-tracing methods in decision making: On growing up in the 70s. Current Directives Psych. Sci. 26(5):442–450.Crossref, Google Scholar
• Simon HA (1971) Designing organizations for an information-rich world. Comput. Comm. Public Interest 72:37.Google Scholar
• Sims CA (2003) Implications of rational inattention. J. Monetary Econom. 50(3):665–690.Crossref, Google Scholar
• Summerfield C, Parpart P (2022) Normative principles for decision-making in natural environments. Annu. Rev. Psych. 73:53–77.Crossref, Google Scholar
• Willemsen MC, Johnson EJ (2011) Visiting the decision factory: Observing cognition with MouselabWEB and other information acquisition methods. Schulte-Mecklenbeck M, Kuehberger A, Johnson JG, eds. A Handbook of Process Tracing Methods for Decision Research (Psychology Press, New York), 21–42.Google Scholar