000 01147nam a22001577a 4500
999 _c514429
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008 201102b ||||| |||| 00| 0 eng d
100 _aLipnowski, Elliot and Dong Wei
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245 _aAttention Management
260 _aThe American Economic Review: Insights
300 _a2(1), Mar, 2020: p.17-32
520 _aAttention costs can cause some information to be ignored and decisions to be imperfect. Can we improve the material welfare of a rationally inattentive agent by restricting his information in the first place? In our model, a well-intentioned principal provides information to an agent for whom information is costly to process, but the principal does not internalize this cost. We show that full information is universally optimal if and only if the environment comprises one issue. With multiple issues, attention management becomes optimal: the principal restricts some information to induce the agent to pay attention to other aspects.- Reproduced
650 _aAsymmetric and Private Information; Mechanism Design
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773 _aThe American Economic Review: Insights
906 _aDECISION MAKING
942 _cAR