Showing 41 - 50 of 559
after a surprise, but actively acquire new information. We also show that attention to the Fed matters: a high number of …
Persistent link: https://www.econbiz.de/10012287833
We provide evidence on narratives about the macroeconomy — the stories people tell to explain macroeconomic phenomena — in the context of a historic surge in inflation. We measure economic narratives in open-ended survey responses and represent them as Directed Acyclic Graphs. We apply this...
Persistent link: https://www.econbiz.de/10013202291
Several recent models of choice build on the idea that decision makers are more likely to choose an option if its attributes stand out compared to the attributes of the available alternatives. One example is the model of focusing by Köszegi and Szeidl (2013) where decision makers focus...
Persistent link: https://www.econbiz.de/10013208758
Does attention have a causal impact on risky decisions? We address this question in a preregistered experiment in which … causal role of attention on the decision process, we manipulate for how long each outcome is presented before showing the … strongest driver of this effect. Jointly, these results support the notion that attention has a causal impact on risky choice …
Persistent link: https://www.econbiz.de/10013356502
Many intertemporal trade-offs are unbalanced: while the advantages of options are concen- trated in a few periods, the disadvantages are dispersed over numerous periods. We provide novel experimental evidence for 'concentration bias', the tendency to overweight advantages that are concentrated...
Persistent link: https://www.econbiz.de/10012603357
Economists have become increasingly interested in using attention to explain behavioral patterns both on the micro and …-down" model of executive optimization. Others, like salience theory, assume a "bottom-up" influence where attention is driven by … contextual factors. This distinction is fundamental for the economic implications of attention, but so far there is little …
Persistent link: https://www.econbiz.de/10012605997
times of low media attention to politics. Based on 425 roll calls between 2005 and 2014 in the US House of Representatives … two are in conflict. Importantly, the latter effect is significantly larger when there is less attention on politics due …
Persistent link: https://www.econbiz.de/10012614649
titles, respectively: 'Attention Capitalism'; 'Surveillance Capitalism' and 'Sustainable Capitalism' denoting the different … venture capitalist Peter Thiel for 'Attention Capitalism', 'smart city' planner Dan Doctoroff for 'Surveillance Capitalism …
Persistent link: https://www.econbiz.de/10012620554
switching costs even conditional on attention explaining part of the observed choice persistence. Inattention leads to …
Persistent link: https://www.econbiz.de/10012625341
Retail investors pay over twice as much attention to local companies than non-local ones, based on Google searches …. News volume and volatility amplify this attention gap. Attention appears causally related to perceived proximity: first …, acquisition by a nonlocal company is associated with less attention by locals, and more by nonlocals close to the acquirer; second …
Persistent link: https://www.econbiz.de/10012705617