A Rational Theory of Mutual Funds' Attention Allocation

DOI10.3982/ECTA11412zbMath1419.91585MaRDI QIDQ4613400

Stijn van Nieuwerburgh, Marcin Kacperczyk, Laura L. Veldkamp

Publication date: 31 January 2019

Published in: Econometrica (Search for Journal in Brave)

zbMATH Keywords

mutual fundsrational inattentioninformation choice

Mathematics Subject Classification ID

Economics of information (91B44) Portfolio theory (91G10)

Related Items (12)

Information acquisition and expected returns: evidence from EDGAR search traffic ⋮ Discussion of: ``On the possibility of Krusell-Smith equilibria ⋮ Directed attention and nonparametric learning ⋮ Paying for inattention ⋮ Searching for ESG information: heterogeneous preferences and information acquisition ⋮ Hedge funds trading strategies and leverage ⋮ Information acquisition and learning from prices over the business cycle ⋮ Asset market equilibrium under rational inattention ⋮ Information frictions and market power: a laboratory study ⋮ The distribution of information and the price efficiency of markets ⋮ Incentive-driven inattention ⋮ Learning in crowded markets

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