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 language | English (US) |
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Pages (from-to) | 1717-1751 |
Number of pages | 35 |
Journal | Econometrica |
Volume | 89 |
Issue number | 4 |
DOIs | |
State | Published - Jul 2021 |
Keywords
- attention
- marketing
- persuasion
- Sequential sampling
ASJC Scopus subject areas
- Economics and Econometrics