NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH
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Rational Inattention, Competitive Supply, and Psychometrics

Andrew Caplin, Dániel Csaba, John Leahy, Oded Nov

NBER Working Paper No. 25224
Issued in November 2018, Revised in May 2020

---- Acknowledgments ----

We thank Ernst Fehr for guiding us in the direction of simplification before we knew there was anything simple to be found. We thank Sandro Ambuehl, Roland Bénabou, Mark Dean, Sam Gershman, Andrei Gomberg, Wei Ji Ma, Daniel Martin, David Redish, Joyce Sadka, Isabelle Salcher, Eric Spurlino, and Dmitry Taubinsky for helpful discussions and three anonymous referees for constructive comments and suggestions. We thank Han Su and Theodore Kim for programming the experimental interface. We thank the Alfred P. Sloan and NOMIS Foundations for support. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.

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