Prospect Theory as Efficient Perceptual Distortion

By Michael Woodford. 2012

113 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Finance, General Decision Sciences

View Paper: https://www.semanticscholar.org/paper/ba2561bbf7fe3c41e57f34ee96f0842384fb5a42

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Economics and Econometrics

1. Joshua Schwartzstein

In Finance

1. Joshua Schwartzstein

In General Decision Sciences

1. Joshua Schwartzstein

Citations in the corpus

• Memory, Attention, and Choice* (2020, unknown): “Woodford (2012) builds a model where the sensory system is noisy, and the cognitive apparatus filters the noise optimally.”
• SELECTIVE ATTENTION AND LEARNING (2014, background): “…of the models in the literature start from the premise that people are “rationally inattentive” and optimally allocate their limited attention given the underlying stochastic environment (Sims 2003, 2006; Peng and Xiong 2006; Mackowiak and Wiederholt 2009; Gabaix 2013; Woodford 2009, 2012a, 2012b).”