Presidential address delivered at the 129th annual meeting of the American Economic Association, January. 7, 2017, Chicago, IL. This is despite calls for economists' attention to. Them as I have just done is often to convey a narrative, to give the reader a historical sense of a past narrative that had impact and might. Dec 30, 2013. American Economic Review: Papers & Proceedings 2014, 104(5): 481–488. More time reading than the average monthly visitor online. Of attention online. By 2012, the price of atten- tion in print had fallen to $1.57, while the price for online papers had increased to $4.24. Offline revenue per hour for.
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Economics Of Attention Pdf Readers
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This article presents a selective review of economic research on attentional choice, taking an observation of Block & Marschak (1960) as its starting point. Because standard choice data conflate utilities and perception, they point out that it is inadequate for research in which attention is endogenous. The review focuses on their thesis that advances in our understanding of attention require modeling of novel choice-based data sets, and corresponding methods of measurement. By way of example, recent attentional research based on measuring and modeling state-dependent stochastic choice data is detailed. Next research steps in relation to strategic attention and the dynamics of learning are outlined.
If the thesis of Block & Marschak is valid, engineering of new data sets will become an increasingly essential professional activity as attentional research advances.