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Attention Please!

  • School of Economics
  • University of Zurich
  • CERGE-EI Center for Economic Research and Graduate Education - Economics Institute
  • University of Toronto

Résultats de recherche: Contribution à un journalArticleRevue par des pairs

Résumé

We study the impact of manipulating the attention of a decision-maker who learns sequentially about a number of items before making a choice. Under natural assumptions on the decision-maker's strategy, directing attention toward one item increases its likelihood of being chosen regardless of its value. This result applies when the decision-maker can reject all items in favor of an outside option with known value; if no outside option is available, the direction of the effect of manipulation depends on the value of the item. A similar result applies to manipulation of choices in bandit problems.

langue originaleAnglais
Pages (de - à)1717-1751
Nombre de pages35
journalEconometrica
Volume89
Numéro de publication4
Les DOIs
étatPublié - 1 juil. 2021

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