Consumer Choice Under Limited Attention When Alternatives Have Different Information Costs
成果类型：
Correction
署名作者：
Huettner, Frank; Boyaci, Tamer; Akcay, Yalcin
署名单位：
Sungkyunkwan University (SKKU); European School of Management & Technology; University of Melbourne
刊物名称：
OPERATIONS RESEARCH
ISSN/ISSBN：
0030-364X
DOI：
10.1287/opre.2023.0476
发表日期：
2024
页码：
1536-1538
关键词：
摘要：
There is an error in one of the results of our paper [Huettner F, Boyaci T, Akcay Y (2019) Consumer choice under limited attention when alternatives have different information costs. Oper. Res. 67(3):671-699]. In this erratum, we point out the error and provide a correction based on Walker-Jones [(2023) Rational inattention with multiple attributes. J. Econom. Theory 212:105688]. Our key characterizations, insights, and numerical examples do not depend on this error and, hence, remain valid. The main implication is on the stopping condition used in the algorithm. We propose a fix based on the new sufficient condition and, if needed, standard convex optimization techniques.
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