February 13, 2026, 16:30~18:00
[미시 세미나] Rational Inattention and Endogenous Volatility: A Large Deviation Approach
16동 339호
Consider a game where rationally inattentive agents acquire costly information about an exogenous state and endogenous aggregate behavior.
In a finite-agent game, endogenous volatility arises because individual behavior and aggregate behavior are conditionally correlated given the
state. We define a large-game equilibrium as the limit of equilibria of finite-agent games with information acquisition as the number of agents
approaches infinity.