G2TT
来源类型Working Paper
规范类型报告
DOI10.3386/w27443
来源IDWorking Paper 27443
Is Attention Produced Optimally? Theory and Evidence from Experiments with Bandwidth Enhancements
Erin T. Bronchetti; Judd B. Kessler; Ellen B. Magenheim; Dmitry Taubinsky; Eric Zwick
发表日期2020-06-29
出版年2020
语种英语
摘要This paper investigates whether people optimally value tools that reduce attention costs. We call these tools bandwidth enhancements (BEs) and characterize how demand for BEs varies with the pecuniary incentives to be attentive, under the null hypothesis of correct perceptions and optimal choice. We examine if the optimality conditions are satisfied in three experiments. The first is a field experiment (n = 1373) with an online education platform, in which we randomize incentives to complete course modules and incentives to utilize a plan-making tool to complete the modules. In the second experiment (n = 2306), participants must complete a survey in the future. We randomize survey-completion incentives and how long participants must wait to complete the survey, and we elicit willingness to pay for reminders. The third experiment (n = 1465) involves a psychometric task in which participants must identify whether there are more correct or incorrect mathematical equations in an image. We vary incentives for accuracy, elicit willingness to pay to reduce task difficulty, and examine the impact of learning and feedback. In all experiments, demand for reducing attention costs increases as incentives for accurate task completion increase. However, in all experiments—and across all conditions—our tests imply that this increase in demand is too small relative to the null of correct perceptions. These results suggest that people may be uncertain or systematically biased about their attention cost functions, and that experience and feedback do not necessarily eliminate bias.
主题Econometrics ; Experimental Design ; Microeconomics ; Behavioral Economics
URLhttps://www.nber.org/papers/w27443
来源智库National Bureau of Economic Research (United States)
引用统计
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/585116
推荐引用方式
GB/T 7714
Erin T. Bronchetti,Judd B. Kessler,Ellen B. Magenheim,et al. Is Attention Produced Optimally? Theory and Evidence from Experiments with Bandwidth Enhancements. 2020.
条目包含的文件
文件名称/大小 资源类型 版本类型 开放类型 使用许可
w27443.pdf(4887KB)智库出版物 限制开放CC BY-NC-SA浏览
个性服务
推荐该条目
保存到收藏夹
导出为Endnote文件
谷歌学术
谷歌学术中相似的文章
[Erin T. Bronchetti]的文章
[Judd B. Kessler]的文章
[Ellen B. Magenheim]的文章
百度学术
百度学术中相似的文章
[Erin T. Bronchetti]的文章
[Judd B. Kessler]的文章
[Ellen B. Magenheim]的文章
必应学术
必应学术中相似的文章
[Erin T. Bronchetti]的文章
[Judd B. Kessler]的文章
[Ellen B. Magenheim]的文章
相关权益政策
暂无数据
收藏/分享
文件名: w27443.pdf
格式: Adobe PDF
此文件暂不支持浏览

除非特别说明,本系统中所有内容都受版权保护,并保留所有权利。