Before revision: We introduce a Random Attention Model (RAM) allowing for a large class of stochastic consideration maps in the context of an otherwise canonical limited attention model for decision theory. The model relies on a new restriction on the unobserved, possibly stochastic consideration map, termedMonotonic Attention , which is intuitive and nests many recent contributions in the literature on limited attention.
After revision: We introduce a Random Attention Model (RAM) allowing for a large class of Monotonic Attention , which is intuitive and nests many recent contributions in the literature on limited attention.