Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/282400 
Year of Publication: 
2023
Series/Report no.: 
CESifo Working Paper No. 10712
Publisher: 
Center for Economic Studies and ifo Institute (CESifo), Munich
Abstract: 
Attention is a pivotal resource in the modern economy and plays an increasingly prominent role in economic analysis. We summarize research on attention from both psychology and economics, placing a particular emphasis on its capacity to explain numerous documented violations of classical economic theory. We also propose promising new directions for future research, including attention-based utility, the recent proliferation of attentional externalities introduced by digital technology, the potential for artificial intelligence to compete with human attention, and the significant role that boredom, curiosity, and other motivational states play in determining how people allocate attention.
Subjects: 
attention
motivation
behavioural bias
information
learning
education
artificial intelligence
machine learning
future of work
JEL: 
D83
D90
D91
I00
Document Type: 
Working Paper
Appears in Collections:

Files in This Item:
File
Size





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.