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来源类型 | Working Paper |
规范类型 | 报告 |
DOI | 10.3386/w29274 |
来源ID | Working Paper 29274 |
Salience | |
Pedro Bordalo; Nicola Gennaioli; Andrei Shleifer | |
发表日期 | 2021-09-20 |
出版年 | 2021 |
语种 | 英语 |
摘要 | We review the fast-growing work on salience and economic behavior. Psychological research shows that salient stimuli attract human attention “bottom up” due to their high contrast with surroundings, their surprising nature relative to recalled experiences, or their prominence. The Bordalo, Gennaioli and Shleifer (2012, 2013, 2020) models of salience show how bottom up attention can distort economic choice by distracting decision makers from their immediate goals or from certain choice attributes. We show that this approach explains many puzzles: separately treated departures from “rationality” such as probability weighting, menu effects, reference point effects, and framing, emerge as distinct manifestations of the same principle of bottom up attention to salient stimuli. We highlight new predictions and discuss open conceptual questions, as well as potential applications in finance, industrial organization, advertising, and politics. |
主题 | Microeconomics ; Behavioral Economics ; Economics of Information |
URL | https://www.nber.org/papers/w29274 |
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/586948 |
推荐引用方式 GB/T 7714 | Pedro Bordalo,Nicola Gennaioli,Andrei Shleifer. Salience. 2021. |
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 | ||
w29274.pdf(445KB) | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 |
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