Tests of rational inattention Can you provide a reference regarding a revealed preference test(s) of rational inattention models, as proposed by Sims, ergo, using a mutual information measure as the cost of putting attention. And if possible can you briefly explained it. A link that explains the model is given here http://sims.princeton.edu/yftp/Gerzensee/info.pdf
Empirical Evidence on rational inattention:

-Title: Attention Discrimination: Theory and Field Experiments with Monitoring Information Acquisition,
Authors: Vojtěch Bartoš, Michal Bauer, Julie Chytilová, and Filip Matějka.
Source: IZA Discussion Paper No. 8058. 

Link: Attention Discrimination: Theory and Field Experiments with Monitoring Information Acquisition

-Title: What Can Survey Forecasts Tell Us about Information Rigidities?
Authors: Olivier Coibion and Yuriy Gorodnichenko.
Source: Journal of Political Economy, Vol. 120, No. 1 (February 2012), pp. 116-159

Link: What Can Survey Forecasts Tell Us about Information Rigidities?

-Title: A Rational Theory of Mutual Funds’ Attention Allocation,
Authors: Marcin Kacperczyk, Stijn Van Nieuwerburgh, Laura Veldkamp.
Source: NYU Working Paper No. 2451/28347 June 5, 2014

Link: A Rational Theory of Mutual Funds’ Attention Allocation