Attention Please!

Olivier Gossner, Jakub Steiner, Colin Stewart

Research output: Contribution to journalArticlepeer-review

Abstract

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.

Original languageEnglish (US)
Pages (from-to)1717-1751
Number of pages35
JournalEconometrica
Volume89
Issue number4
DOIs
StatePublished - Jul 2021

Keywords

  • attention
  • marketing
  • persuasion
  • Sequential sampling

ASJC Scopus subject areas

  • Economics and Econometrics

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