Testing the behavior of rationally inattentive consumers in a residential water market
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DOI: 10.1016/j.jeem.2018.09.004
Abstract: Abstract Rationally inattentive consumers tend to apply simplified heuristics when making decisions. We test the hypothesis of rational inattention in the context of residential water usage where water bills typically account for a small fraction… read more here.
Keywords: water; testing behavior; model; inattentive consumers ... See more keywords