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SUMMARY:Theory Workshop: Alessandro Pavan - Alessandro Pavan (Northwestern
 )
DTSTART:20140619T160000Z
DTEND:20140619T151500Z
UID:TALK53145@talks.cam.ac.uk
CONTACT:Cambridge-INET Institute\, Faculty of Economics
DESCRIPTION:Title: Attention\, Coordination\, and Bounded Recall\n\nI cons
 ider a flexible model of coordination under dispersed information where\
 , prior to committing their actions\, agents choose the attention to alloc
 ate to an arbitrarily large number of information sources. The analysis id
 entifies channels that are responsible for inefficiency in the equilibrium
  allocation of attention. The results for the case of perfect recall (wher
 e the agents remember the effect of each source on posterior beliefs) are 
 compared to the case of bounded recall (where posterior beliefs are consis
 tent with the allocation of attention\, but where agents are unable to rec
 ognize the inuence of individual sources).
LOCATION:Meade Room\, Faculty of Economics\, Cambridge
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