
Prof. Dr. George Loewenstein, CMU
- Date: 10 Nov, 02:00 PM
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The Economics of Attention
In this talk, I will explore key aspects of human attention that hold particular significance for economics. I will then introduce the concept of attention-based utility, which highlights how an individual's well-being at any moment is shaped not only by their objective circumstances but also by what they focus on—whether that involves their surroundings, internal states, or memories. I will then present findings from a field study and three experiments that demonstrate how investor attention is shaped by hedonic factors, and discuss consequences for a wide range of daily behaviors.Further information about the speaker is available here