Attention economy

Economic view of human attention as a commodity

This article has multiple issues. Please help improve it or discuss these issues on the talk page. (Learn how and when to remove these messages)

This article needs additional citations for verification. Please help improve this article by adding citations to reliable sources. Unsourced material may be challenged and removed.
Find sources: "Attention economy" – news · newspapers · books · scholar · JSTOR (January 2019) (Learn how and when to remove this message)

|

This article possibly contains original research. Please improve it by verifying the claims made and adding inline citations. Statements consisting only of original research should be removed. (December 2018) (Learn how and when to remove this message)

|

(Learn how and when to remove this message)

Part of a series on

Economic systems

Major types

* Capitalism
* Socialism

By ideology

* Associative
* Capitalist
* Corporate
* Democratic
* Laissez-faire
* Mercantilist
* Neo-
* Neoliberal
* Social market
* State
* Welfare
* Democratic
* Developmentalism
* Distributist
* Fascist
* Feminist
* Freiwirtschaft
* Georgist
* Green
* Nationalist
* Protectionist
* Religious
* Buddhist economics
* Christian
* Sabbath economics
* Islamic
* Socialist
* Communist
* Market socialist
* Mutualist
* Participatory
* Socialist market
* Socialist-oriented market
* State
* Syndicalist
* Social credit
* Traditionalist
* Corporatist
* Feudalism

By coordination

* Closed (autarky)
* Decentralized
* Digital
* Dirigist
* Dual
* Gift
* Informal
* Market
* Mixed
* Natural
* Open
* Planned
* Robinson Crusoe
* Sharing
* Subsistence
* Underground
* Vertical archipelago
* Virtual

By regional model

* Asian
* East Asian
* Chinese
* Singaporean
* Keralan
* European
* Anglo-Saxon
* German
* Nordic
* Dutch
* Rhenish
* Soviet
* Latin America
* Socialism of the 21st century

Sectors

* Common ownership
* Private
* Public
* Voluntary

Property types

* Collective ownership
* Commons (Common ownership)
* Private property
* State ownership
* Social ownership

Transition

* Collectivization
* Communization
* Corporatization
* Demutualization
* Deregulation
* Expropriation
* Financialization
* Liberalization
* Marketization
* Municipalization
* Mutualization
* Nationalization
* Privatization
* Socialization
* Marxist

Coordination

* Barter
* Market
* Free
* Open
* Regulated
* Planning
* In kind
* Cybernetics
* Indicative
* Material balancing
* Price
* Self-managed
* Peer-to-peer
* Sharing
* Open access

Other types

* Attention
* Commons-based peer production
* Expeditionary
* Hunter-gatherer
* Inclusive Democracy
* Information
* Manorialism
* Newly industrialized
* Palace
* Plantation
* Plutonomy
* Post-capitalist
* Post-industrial
* Post-scarcity
* Resource-based
* Token
* Traditional
* Transition
* World

* Business portal
* Economics portal

* v
* t
* e

The attention economy refers to the incentives of advertising-driven companies, in particular, to maximize the time and attention their users give to their product.[1][2]

Attention economics is an approach to the management of information that treats human attention as a scarce commodity and applies economic theory to solve various information management problems.

## Description

[edit]

According to Matthew Crawford, "Attention is a resource—a person has only so much of it."[3] Thomas H. Davenport and John C. Beck[4] add to that definition:

> Attention is focused mental engagement on a particular item of information. Items come into our awareness, we attend to a particular item, and then we decide whether to act.[5]

A strong trigger of this effect is that it limits the mental capability of humans and the receptiveness of information is also limited. Attention allows information to be filtered such that the most important information can be extracted from the environment while irrelevant details can be left out.[6]

Software applications either explicitly or implicitly take attention economy into consideration in their user interface design based on the realization that if it takes the user too long to locate something, they will find it through another application. This is done, for instance, by creating filters to make sure viewers are presented with information that is most relevant, of interest, and personalized based on past web search history.[7]

The economic value of time can be quantified and compared to monetary expenditures. Erik Brynjolfsson, Seon Tae Kim and Joo Hee Oh show that this makes it possible to formally analyze the attention economy and putting values on free goods.[8]

## Theory

[edit]

Research from a wide range of disciplines including psychology,[9] cognitive science,[10] neuroscience,[11] and economics,[12] suggest that humans have limited cognitive resources that can be used at any given time, when resources are allocated to one task, the resources available for other tasks will be limited. Given that attention is a cognitive process that involves the selective concentration of resources on a given item of information, to the exclusion of other perceivable information, attention can be considered in terms of limited processing resources.[13]

### History

[edit]

The concept of attention economics was first theorized by psychologist and economist Herbert A. Simon[14] when he wrote about the scarcity of attention in an information-rich world in 1971:

> [I]n an information-rich world, the wealth of information means a dearth of something else: a scarcity of whatever it is that information consumes. What information consumes is rather obvious: it consumes the attention of its recipients. Hence a wealth of information creates a poverty of attention and a need to allocate that attention efficiently among the overabundance of information sources that might consume it.[15]

He noted that many designers of information systems incorrectly represented their design problem as information scarcity rather than attention scarcity, and as a result, they built systems that excelled at providing more and more information to people, when what was really needed were systems that excelled at filtering out unimportant or irrelevant information.[16]

Simon's characterization of the problem of information overload as an economic one has become increasingly popular in analyzing information consumption since the mid-1990s, when writers such as Thomas H. Davenport and Michael Goldhaber[17] adopted terms like "attention economy" and "economics of attention".[18]

Some writers have speculated that transactions based on attention will replace financial transactions as the focus of economic system. For example, Goldhaber wrote in 1997: "...transactions in which money is involved may be growing in total number, but the total number of global attention transactions is growing even faster."[19] For a 1999 essay, Georg Franck argued "income in attention ranks above financial success" for advertising-based media like magazines and television.[20] Information systems researchers have also adopted the idea, and are beginning to investigate mechanism designs which build on the idea of creating property rights in attention (see Applications).

In 2022, Rice University professor Adrian Lenardic and two co-authors wrote for BigThink that attention economics adversely affected scientific research: "The attention a scientist’s work gains from the public now plays into its perceived value. Scientists list media exposure counts on résumés, and many PhD theses now include the number of times a candidate’s work has appeared in the popular science press. Science has succumbed to the attention economy."[21] They add that study results are publicized without proper peer input or reproducibility.[21]

## Negative externalities

[edit]

See also: Social media addiction, Political polarization, and Surveillance capitalism

In economic theory, market exchanges may have unintended consequences, called externalities, that aren't reflected in the price consumers pay upfront. When these consequences have a negative effect on an uninvolved third party, they're called negative externalities, with pollution being a common example.[22] The attention economy generates negative externalities for society that impact both individuals and communities.[23]

### Social media addiction and mental health impacts

[edit]

One negative externality of the attention economy is social media addiction. Given the monetization of human attention, social media platforms are designed to maximize user engagement, namely by influencing the brain's reward system. When users receive positive feedback on social media or view novel content, their brain releases dopamine, leading them to stay on the platform for extended periods of time and come back to it repeatedly. Social media addiction has been linked to negative mental health outcomes such as depression, anxiety, and low self-esteem.[24]

The Netflix documentary The Social Dilemma illustrates how algorithms from search engines and social media platforms negatively affect users while maximizing online engagement.[25][26]

### Amplification of disinformation

[edit]

During the 2010s, social media in conjunction with online advertising technologies inspired significant growth in the business model of the attention economy.[27][28] A study conducted by researchers at Hanken School of Economics found that when the attention economy is paired with online advertising, the resulting financial arrangement can lead to the circulation of fake news and the amplification of disinformation for profit.[28]

### Surveillance capitalism and ethical considerations

[edit]

Another negative externality of the attention economy is the rise of surveillance capitalism, which describes the practice of companies collecting personal data to buy and sell for profit.

To capture user attention, companies collect data — such as demographics and behavioral patterns — and use it to create personalized user experiences that align with their interests based on the obtained data. Companies also sell this data to third parties, often without the user's informed consent.[29] These practices raise ethical concerns about privacy, misuse of data, and misrepresentation of communities.[30]

## Attention for marginalized communities

[edit]

Within the attention economy, engagement metrics influence the visibility of content and narratives. Algorithms in the attention economy are designed to maximize engagement, often prioritizing content that resonates with dominant cultural identities. As a result, marginalized groups may face challenges in having representation of their perspectives and concerns. For example, Black creators on platforms such as TikTok have reported that their content had significant reductions in engagement after posting about the Black Lives Matter Movement, suggesting that they were shadow banned.[31] Furthermore, limiting the visibility of marginalized creators reduces the amount of attention they receive. This, in turn, hinders their ability to engage in activism and spread awareness about issues affecting their community to the broader public. [32][33]

## Intangibles

[edit]

According to digital culture expert Kevin Kelly, by 2008, the attention economy was increasingly one where the consumer product costs virtually nothing to reproduce and the problem facing the supplier of the product lies in adding valuable intangibles that cannot be reproduced at any cost. He identifies these intangibles as:[34]

1. Immediacy - priority access, immediate delivery
2. Personalization - tailored just for you
3. Interpretation - support and guidance
4. Authenticity - how can you be sure it is the real thing?
5. Accessibility - wherever, whenever
6. Embodiment - books, live music
7. Patronage - "paying simply because it feels good"
8. Findability - "When there are millions of books, millions of songs, millions of films, millions of applications, millions of everything requesting our attention—and most of it free—being found is valuable."

## Social attention, collective attention

[edit]

Attention economics is also relevant to the social sphere. Specifically, long-term attention can be considered according to the attention that people dedicate to managing their interactions with others. Dedicating too much attention to these interactions can lead to "social interaction overload",[35] i.e. when people are overwhelmed in managing their relationships with others, for instance in the context of social network services in which people are the subject of a high level of social solicitations. Digital media and the internet facilitate participation in this economy by creating new channels for distributing attention. Ordinary people are now empowered to reach a wide audience by publishing their own content and commenting on the content of others.[36]

Social attention can also be associated to collective attention, i.e. how "attention to novel items propagates and eventually fades among large populations".[37]

## Applications

[edit]

### In advertising

[edit]

Main article: Attention (advertising)

Sound trucks, like this one in Japan, involuntarily occupy the attention of those who hear them, an example of attention theft.

"Attention economics" treats a potential consumer's attention as a resource.[38] Traditional media advertisers followed a model that suggested consumers went through a linear process they called AIDA (attention, interest, desire and action).[39] Attention is therefore a major and the first stage in the process of converting non-consumers. Since the cost to transmit advertising to consumers has become sufficiently low given that more ads can be transmitted to a consumer (e.g. via online advertising) than the consumer can process, the consumer's attention becomes the scarce resource to be allocated. As such, a superfluidity of information may hinder an individual's decision-making who keeps searching and comparing products as long as it promises to provide more than it is using up.[40]

Advertisers that produce attention-grabbing content that is presented to unconsenting consumers without compensation have been criticized for perpetrating attention theft.[41][42]

### Controlling information pollution

[edit]

Main article: Coase theorem

One application treats various forms of information (e.g. spam, advertising) as a form of pollution or 'detrimental externality'.[43] In economics, an externality is a by-product of a production process that imposes burdens (or supplies benefits), to parties other than the intended consumer of a commodity.[44] For example; air and water pollution are ‘negative’ externalities that impose burdens on society and the environment.

A market-based approach to controlling externalities was outlined in Ronald Coase's The Problem of Social Cost (1960).[45] This evolved from an article on the Federal Communications Commission (1959),[46] in which Coase claimed that radio-frequency interference is a negative externality that could be controlled by the creation of property rights.

Coase's approach to the management of externalities requires the careful specification of property rights and a set of rules for the initial allocation of the rights.[47] Once these rights are specified and allocated, a market mechanism can theoretically manage the externality problem.[48]

#### E-mail spam

[edit]

Sending huge numbers of e-mail messages costs spammers very little, since the costs of e-mail messages are spread out over the internet service providers that distribute them (and the recipients who must spend attention dealing with them).[49] Thus, sending out as much spam as possible is a rational strategy: even if only 0.001% of recipients (1 in 100,000) is converted into a sale, a spam campaign can be profitable. Of course, it is very difficult to understand where all the revenue comes from since these businesses are run through proxy servers. However, if they were not profitable, it is reasonable to conclude that they would not be sending spam.[50] Spammers are demanding valuable attention from potential customers, but avoid paying a fair price for this attention due to the current architecture of e-mail systems.[51]

One way this might be mitigated is through the implementation of "Sender Bond" whereby senders are required to post a financial bond that is forfeited if enough recipients report an email as spam.[52]

Closely related is the idea of selling "interrupt rights", or small fees for the right to demand one's attention.[53] The cost of these rights could vary according to the person who is interrupted: interrupt rights for the CEO of a Fortune 500 company would presumably be extraordinarily expensive, while those of a high school student might be lower. Costs could also vary for an individual depending on context, perhaps rising during the busy holiday season and falling during the dog days of summer. Those who are interrupted could decline to collect their fees from friends, family, and other welcome interrupters.[54]

Another idea in this vein is the creation of "attention bonds", small warranties that some information will not be a waste of the recipient's time, placed into escrow at the time of sending.[55] Like the granters of interrupt rights, receivers could cash in their bonds to signal to the sender that a given communication was a waste of their time or elect not to cash them in to signal that more communication would be welcome.[56]

#### Web spam

[edit]

As search engines have become a primary means for finding and accessing information on the web, high rankings in the results for certain queries have become valuable commodities, due to the ability of search engines to focus searchers' attention.[57] Like other information systems, web search is vulnerable to pollution: "Because the Web environment contains profit seeking ventures, attention getting strategies evolve in response to search engine algorithms".[58]

Since most major search engines now rely on some form of PageRank (recursive counting of hyperlinks to a site) to determine search result rankings, a gray market in the creation and trading of hyperlinks has emerged.[59][60] Participants in this market engage in a variety of practices known as link spamming, link farming, and reciprocal linking.[61]

Another issue, similar to the issue discussed above of whether or not to consider political e-mail campaigns as spam, is what to do about politically motivated link campaigns or Google bombs.[62] Currently, the major search engines do not treat these as web spam, but this is a decision made unilaterally by private companies.

### Sales lead generation

[edit]

The paid inclusion model, as well as more pervasive advertising networks like Yahoo! Publisher Network and Google's AdSense, work by treating consumer attention as the property of the search engine (in the case of paid inclusion) or the publisher (in the case of advertising networks).[63][64] This is somewhat different from the anti-spam uses of property rights in attention, which treat an individual's attention as his or her own property.

These advertising models significantly influence consumer behavior, often leveraging personal data to target ads more effectively. While this can enhance user experience by aligning advertisements with user interests, it raises privacy concerns and can lead to consumer manipulation. The phenomenon of "ad fatigue" where excessive exposure to ads leads to reduced attention and engagement with advertisements is also noteworthy. [65]

Advancements in artificial intelligence and machine learning have transformed paid inclusion and advertising networks. These technologies allow for more sophisticated targeting and personalization of ads, improving effectiveness but also increasing concerns about surveillance and data privacy.[66]

The regulation of paid inclusion and advertising networks is complex, involving multiple stakeholders with diverse interests. There is an ongoing debate about the balance between encouraging innovation and protecting consumer privacy. Ethical considerations also include the transparency of these models and their impact on the informational ecosystem, potentially leading to biased or manipulated content.[67]

## See also

[edit]

* Attention (disambiguation)
* Attention inequality
* Attention management
* Center for Humane Technology
* Clickbait
* Cognitive Surplus
* Competition (economics)
* Continuous partial attention
* Fearmongering
* Imagination Age
* Information explosion
* Information society
* Mediatization
* Netocracy
* Post-scarcity
* TL;DR
* The Magical Number Seven, Plus or Minus Two (paper)

## References

[edit]

1. ^ Burkeman, Oliver (2019-11-22). "'The attention economy is in hyperdrive': how tech shaped the 2010s". The Guardian. ISSN 0261-3077. Retrieved 2024-07-15.
2. ^ "The battle for consumers' attention". The Economist. February 9, 2017. ISSN 0013-0613. Retrieved 2024-07-15.
3. ^ Crawford, Matthew B. (March 31, 2015). "Introduction, Attention as a Cultural Problem". The World Beyond Your Head: On Becoming an Individual in an Age of Distraction (hardcover) (1st ed.). Farrar, Straus and Giroux. p. 11. ISBN 978-0374292980. "In the main currents of psychological research, attention is a resource—a person has only so much of it."
4. ^ Davenport, Thomas; Beck, John (2001). The Attention Economy: Understanding the New Currency of Business. Cambridge: MA: Harvard Business School Press. ISBN 9781578518715. Retrieved 29 October 2020.`{{cite book}}`: CS1 maint: publisher location (link)
5. ^ Davenport & Beck 2001, p. 20.
6. ^ Kiyonaga, Anastasia; Egner, Tobias (12 December 2012). "Working memory as internal attention: Toward an integrative account of internal and external selection processes". Psychonomic Bulletin & Review. 20 (2): 228–242\. doi:10.3758/s13423-012-0359-y. PMC 3594067. PMID 23233157.
7. ^ Shekhar, Shashi; Agrawal, Rohit; Karm V., Arya (2010). "An Architectural Framework of a Crawler for Retrieving Highly Relevant Web Documents by Filtering Replicated Web Collections". 2010 International Conference on Advances in Computer Engineering. pp. 29–33\. doi:10.1109/ACE.2010.64. ISBN 978-1-4244-7154-6. S2CID 9388907. Retrieved 29 October 2020.
8. ^ Brynjolfsson, Erik; Kim, Seon Tae; Oh, Joo Hee (2023-08-31). "The Attention Economy: Measuring the Value of Free Goods on the Internet". Information Systems Research. 35 (3): 978–991\. doi:10.1287/isre.2021.0153. ISSN 1047-7047.
9. ^ Le, Thanh P; Najolia, Gina M; Minor, Kyle S; Cohen, Alex S (2016). "The effect of limited cognitive resources on communication disturbances in serious mental illness". Psychiatry Research. 248 (248): 98–104\. doi:10.1016/j.psychres.2016.12.025. PMC 5378554. PMID 28038440.
10. ^ Franconeri, Steven L; Alvarez, George A; Cavanagh, Patrick (2013). "Flexible cognitive resources: competitive content maps for attention and memory". Trends in Cognitive Sciences. 17 (3): 134–141\. doi:10.1016/j.tics.2013.01.010. PMC 5047276. PMID 23428935.
11. ^ Desimone, R; Duncan, J (1995). "Neural mechanisms of selective visual attention". Annual Review of Neuroscience. 18: 193–222\. doi:10.1146/annurev.ne.18.030195.001205. PMID 7605061. S2CID 14290580. Retrieved 30 October 2020.
12. ^ Christie, S; Schrater, Paul (2015). "Cognitive cost as dynamic allocation of energetic resources". Frontiers in Neuroscience. 9 (9): 289. doi:10.3389/fnins.2015.00289. PMC 4547044. PMID 26379482. S2CID 15545774.
13. ^ Barrouillet, Pierre; Bernardin, Sophie; Portrat, Sophie; Vergauwe, Evie; Camos, Vale ́rie (2007). "Time and Cognitive Load in Working Memory". Journal of Experimental Psychology: Learning, Memory, and Cognition. 33 (3): 570–585\. doi:10.1037/0278-7393.33.3.570. PMID 17470006. S2CID 2575997.
14. ^ Simon, Herbert A (1971). Designing Organizations for an Information-rich World. Baltimore, MD: Johns Hopkins University Press. pp. 37–52\. Archived from the original on 6 October 2020. Retrieved 28 October 2020.
15. ^ Simon 1971, pp. 40–41.
16. ^ Simon 1971.
17. ^ Goldhaber, Michael H (1997). "The attention economy and the Net". First Monday. 2 (4). doi:10.5210/fm.v2i4.519. Archived from the original on 17 August 2000. Retrieved 4 August 2025.
18. ^ van Krieken, Robert (2019). "Georg Franck's 'The Economy of Attention': Mental capitalism and the struggle for attention". Journal of Sociology. 55 (1): 3–7\. doi:10.1177/1440783318812111.
19. ^ Goldhaber, Michael H. (December 1997). "Attention Shoppers!". Wired. Vol. 5, no. 12\. Archived from the original on 7 February 1998. Retrieved 5 July 2024.
20. ^ Franck, Georg (2018). "The economy of attention". Journal of Sociology. 55 (1): 8–19\. doi:10.1177/1440783318811778.
21. ^ a b Lenardic, Adrian; Seales, Johnny; Covington, Anthony (30 September 2022). "The credibility of science is damaged when universities brag about themselves". BigThink. Retrieved 18 March 2025.
22. ^ Kenton, Will. "Externality: What It Means in Economics, With Positive and Negative Examples". Investopedia. Retrieved 11 December 2024.
23. ^ "New Economics For Sustainable Development: Attention Economy" (PDF). United Nations. United Nations Economist Network. Retrieved 10 December 2024.
24. ^ Bhargava, Vikram R.; Velasquez, Manuel (6 October 2020). "Ethics of the Attention Economy: The Problem of Social Media Addiction". Business Ethics Quarterly. 31 (3): 321–359\. doi:10.1017/beq.2020.32.
25. ^ "Why The Social Dilemma is the most important documentary of our times". The Independent. 2020-09-18. Retrieved 2024-07-15.
26. ^ "In social media's battle for our attention, real connection becomes the casualty". RAPPLER. 2020-11-10. Retrieved 2024-07-15.
27. ^ Burkeman, Oliver (2019-11-22). "'The attention economy is in hyperdrive': how tech shaped the 2010s". The Guardian. ISSN 0261-3077. Retrieved 2024-07-15.
28. ^ a b Diaz Ruiz, Carlos A. (2024). "Disinformation and fake news as externalities of digital advertising: a close reading of sociotechnical imaginaries in programmatic advertising". Journal of Marketing Management: 1–23\. doi:10.1080/0267257X.2024.2421860. ISSN 0267-257X.
29. ^ "New Economics For Sustainable Development: Attention Economy" (PDF). United Nations. United Nations Economist Network. Retrieved 10 December 2024.
30. ^ Cinnamon, Jonathan (5 December 2017). "Social Injustice in Surveillance Capitalism". Surveillance & Society. 15 (5): 609–625\. doi:10.24908/ss.v15i5.6433. hdl:10871/30595.
31. ^ McCluskey, Megan (2020-07-22). "These Creators Say They're Still Being Suppressed for Posting Black Lives Matter Content on TikTok". TIME. Retrieved 2024-12-12.
32. ^ Tufekci, Zeynep (2013-07-01). ""Not This One": Social Movements, the Attention Economy, and Microcelebrity Networked Activism". American Behavioral Scientist. 57 (7): 848–870\. doi:10.1177/0002764213479369. ISSN 0002-7642.
33. ^ Smith, Leonie; Archer, Alfred (2020-11-01). "Epistemic Injustice and the Attention Economy". Ethical Theory and Moral Practice. 23 (5): 777–795\. doi:10.1007/s10677-020-10123-x. ISSN 1572-8447.
34. ^ Kelly, Kevin (February 5, 2008). "BETTER THAN FREE". The Edge.
35. ^ Maier, Christian; Laumer, Sven; Weinert, Christoph (2013). "The Negative Side Of ICT-Enabled Communication: The Case Of Social Interaction Overload In Online Social Networks". ECIS 2013 Completed Research. 86: 1–10. Retrieved 30 October 2020.
36. ^ Jones, Rodney H.; Hafner, Christoph A. (2012). Understanding Digital Literacies. New York: Routledge. p. 90\. ISBN 9780415673167.
37. ^ Wu, Fang; Huberman, Bernardo (2007). "Novelty and collective attention". Proceedings of the National Academy of Sciences of the United States of America. 104 (45): 17599–17601\. arXiv:0704.1158. Bibcode:2007PNAS..10417599W. doi:10.1073/pnas.0704916104. PMC 2077036. PMID 17962416.
38. ^ Pedrycz, Witold; Chen, Shyi-Ming, eds. (9 December 2013). Social Networks: A Framework of Computational Intelligence. Springer. p. 229\. ISBN 978-3-319-02993-1. Retrieved 1 June 2015.
39. ^ Ullal, Mithun; Hawaldar, Iqbal T (2018). "Influence of advertisement on customers based on AIDA model". Problems and Perspectives in Management. 16 (4): 285–298\. doi:10.21511/ppm.16(4).2018.24.
40. ^ Dolgin, Alexander (2008). The Economics of Symbolic Exchange. Springer. pp. 164–165\. ISBN 978-3-540-79883-5. Retrieved 1 June 2015.
41. ^ Wu, Tim (April 14, 2017). "The Crisis of Attention Theft—Ads That Steal Your Time for Nothing in Return". Wired. Retrieved 9 August 2021.
42. ^ McFedries, Paul (22 May 2014). "Stop, Attention Thief!". IEEE Spectrum. Institute of Electrical and Electronics Engineers. Retrieved 9 August 2021.
43. ^ Chipman, John; Guoqiang, Tian (2012). "Detrimental Externalities, Pollution Rights, and the "Coase Theorem"". Economic Theory. 49 (2): 309–327\. doi:10.1007/s00199-011-0602-1. JSTOR 41408714. S2CID 30488295. Retrieved 1 November 2020.
44. ^ Castle, Emery N (1965). "The Market Mechanism, Externalities, and Land Economics". American Journal of Agricultural Economics. 47 (3): 542–556\. doi:10.2307/1236272. JSTOR 1236272.
45. ^ Coase, R.H (1960). "The Problem of Social Cost". Classic Papers in Natural Resource Economics (Gopalakrishnan C. (eds) Classic Papers in Natural Resource Economics ed.). London: Palgrave Macmillan. pp. 87–137\. doi:10.1057/9780230523210_6. ISBN 978-0-230-52321-0. Retrieved 1 November 2020. `{{cite book}}`: ISBN / Date incompatibility (help)
46. ^ Coase, R. H (1959). "The federal communications commission". The Journal of Law and Economics. 2: 1–40\. doi:10.1086/466549. S2CID 222324889. Retrieved 1 November 2020.
47. ^ Furubotn, E. G.; Pejovich, S (1972). "Property rights and economic theory: a survey of recent literature". Journal of Economic Literature. 10 (4): 1137–1162\. JSTOR 2721541. Retrieved 1 November 2020.
48. ^ Kim, J; Mahoney, J. T. (2005). "Property rights theory, transaction costs theory, and agency theory: an organizational economics approach to strategic management". Managerial and Decision Economics. 26 (4): 223–242\. doi:10.1002/mde.1218. hdl:10.1002/mde.1218. Retrieved 1 November 2020.
49. ^ Park, S. Y.; Kim, J. T.; Kang, S. G. (2006). "Analysis of applicability of traditional spam regulations to VoIP spam". 2006 8th International Conference Advanced Communication Technology. Vol. 2\. pp. 3 pp.-1217. doi:10.1109/ICACT.2006.206189. ISBN 89-5519-129-4. S2CID 19059033. Retrieved 1 November 2020.
50. ^ Kanich, Chris; Kreibich, Christian; Levchenko, Kirill; Enright, Brandon; Voelker, Geoffrey M.; Paxson, Vern; Savage, Stefan (2008). "Spamalytics". Proceedings of the 15th ACM conference on Computer and communications security. Alexandria, Virginia, USA: ACM Press. pp. 3–14\. doi:10.1145/1455770.1455774. ISBN 978-1-59593-810-7. S2CID 53111639.
51. ^ Thomas, K.; Grier, C.; Ma, J.; Paxson, V.; Song, D. (2011). "Design and Evaluation of a Real-Time URL Spam Filtering Service". 2011 IEEE Symposium on Security and Privacy. pp. 447–462\. doi:10.1109/SP.2011.25. ISBN 978-1-4577-0147-4. S2CID 1398765. Retrieved 1 November 2020.
52. ^ Hoanca, B. (2006). "How good are our weapons in the spam wars?". IEEE Technology and Society Magazine. 25 (1): 22–30\. doi:10.1109/MTAS.2006.1607720. S2CID 23623868. Retrieved 1 November 2020.
53. ^ Fahlman, S. E. (2002). "Selling interrupt rights: A way to control unwanted e-mail and telephone calls". IBM Systems Journal. 41 (4): 759–766\. doi:10.1147/sj.414.0759. S2CID 195718575. Retrieved 1 November 2020.
54. ^ Lueg, C. (2003). "Spam and anti-spam measures: A look at potential impacts". Proc. Informing Science and IT Education Conference: 24–27. Retrieved 1 November 2020.
55. ^ Loder, T.; Van Alstyne, M.; Wash, R.; Benerorfe, M. (2004). "The spam and attention bond mechanism faq" (PDF). Technical Report, University of Michigan. Retrieved 1 November 2020.
56. ^ Loder, T.; Van Alstyne, M.; Wash, R. (2006). "An economic response to unsolicited communication". The BE Journal of Economic Analysis & Policy. 6 (1). doi:10.2202/1538-0637.1322. S2CID 154784397. Retrieved 1 November 2020.
57. ^ Ge, S.; Dou, Z.; Jiang, Z.; Nie, J. Y.; Wen, J. R. (2018). "Personalizing Search Results Using Hierarchical RNN with Query-aware Attention". Proceedings of the 27th ACM International Conference on Information and Knowledge Management. Cikm '18. pp. 347–356\. arXiv:1908.07600. doi:10.1145/3269206.3271728. ISBN 9781450360142. S2CID 53034987. Retrieved 1 November 2020.
58. ^ Page, L.; Brin, S.; Motwani, R.; Winograd, T. (11 November 1999). "The PageRank citation ranking: Bringing order to the web 1999". Stanford InfoLab. Retrieved 1 November 2020.
59. ^ Zook, M. A.; Graham, M. (2007). "Mapping DigiPlace: geocoded Internet data and the representation of place". Environment and Planning B: Planning and Design. 34 (3): 466–482\. Bibcode:2007EnPlB..34..466Z. doi:10.1068/b3311. S2CID 6884167. Retrieved 1 November 2020.
60. ^ Gonçalves, M. A.; Almeida, J. M.; dos Santos, L. G.; Laender, A. H.; Almeida, V. (2010). "On popularity in the blogosphere". IEEE Internet Computing. 14 (3): 42–49\. doi:10.1109/MIC.2010.73. S2CID 11296597. Retrieved 1 November 2020.
61. ^ Ghosh, S.; Viswanath, B.; Kooti, F.; Sharma, N.K.; Korlam, G.; Benevenuto, F.; Ganguly, N.; Gummadi, K. P. (2012). "Understanding and combating link farming in the twitter social network". Proceedings of the 21st international conference on World Wide Web. WWW '12. pp. 61–70\. doi:10.1145/2187836.2187846. ISBN 9781450312295. S2CID 15556648. Retrieved 1 November 2020.
62. ^ Hargittai, E. (2007). "The social, political, economic, and cultural dimensions of search engines: An introduction". Journal of Computer-Mediated Communication. 12 (3): 769–777\. doi:10.1111/j.1083-6101.2007.00349.x.
63. ^ Weideman, Melius (2004). Ethical issues on content distribution to digital consumers via paid placement as opposed to website visibility in search engine results. Greece: University of the Aegean. ISBN 960-7475-25-9. Retrieved 1 November 2020.
64. ^ Moss, Kenneth A.; Watson, Eric; Seidman, Eytan D. "Paid inclusion listing enhancement 2011" (PDF). U.S. Patent No. 7,953,631. Retrieved 1 November 2020.
65. ^ Abrams, Zoë; Vee, Erik (2007). "Personalized Ad Delivery when Ads Fatigue: An Approximation Algorithm". In Deng, Xiaotie; Graham, Fan Chung (eds.). Internet and Network Economics. Lecture Notes in Computer Science. Vol. 4858\. Berlin, Heidelberg: Springer. pp. 535–540\. doi:10.1007/978-3-540-77105-0_57. ISBN 978-3-540-77105-0.
66. ^ Team, aX (2023-01-20). "The Impact of AI in Advertising". AX Insights. Retrieved 2024-12-12.
67. ^ Kuschell, Dan (2024-05-05). "The Ethics of Targeted Advertising: Balancing Relevance & Privacy". Retrieved 2024-12-12.

## Further reading

[edit]

* Coase, R. H. (1959), "The Federal Communications Commission" (PDF), Journal of Law and Economics, 2 (1): 1–40, CiteSeerX 10.1.1.203.5622, doi:10.1086/466549, S2CID 222324889, archived from the original (PDF) on 2013-11-07
* Lanchester, John (August 2017), "You Are the Product", London Review of Books, 39 (16): 3–10
* Lanham, Richard A. (2006), The Economics of Attention: Style and Substance in the Age of Information
* Schmid, H. (2009), Economy of Fascination: Dubai and Las Vegas as Themed Urban Landscapes, Stuttgart, Berlin: E. Schweizerbart science publishers, ISBN 978-3-443-37014-5.
* Tran, J. L. (2016), "The Right to Attention", Indiana Law Journal, 91: 1023–62, SSRN 2600463
* Wu, Fang; Huberman, Bernardo (2007), "Novelty and collective attention", Proceedings of the National Academy of Sciences of the United States of America, 104 (17599): 17599–17601, arXiv:0704.1158, Bibcode:2007PNAS..10417599W, CiteSeerX 10.1.1.90.7143, doi:10.1073/pnas.0704916104, PMC 2077036, PMID 17962416

## External links

[edit]

Wikimedia Commons has media related to Attention economy.

* Low Information Diet by Tim Ferriss

* v
* t
* e

Economics

Theoretical|

* Microeconomics
* Decision theory
* Price theory
* Game theory
* Contract theory
* Mechanism design
* Macroeconomics
* Mathematical economics
* Complexity economics
* Computational economics
* Agent-based computational economics
* Behavioral economics
* Pluralism in economics

Empirical|

* Econometrics
* Economic statistics
* Experimental economics
* Economic history

Applied|

* Agriculture
* Business
* Cultural
* Demographic
* Development
* Ecological
* Education
* Engineering
* Environmental
* Evolutionary
* Financial
* Geographic
* Happiness
* Health
* History
* Information
* Infrastructure
* Institutions
* Labour
* Law
* Management
* Non-monetary
* Organization
* Participation
* Personnel
* Planning
* Policy
* Public sector
* Public choice
* Social choice
* Regional
* Regulatory
* Resources
* Rural
* Service
* Transport
* Urban
* Welfare

Schools
(history)

* Attention
* Mainstream
* Heterodox
* American (National)
* Ancient thought
* Austrian
* Behavioral
* Buddhist
* Chartalism
* Modern monetary theory
* Chicago
* Classical
* Critique of political economy
* Democratic
* Disequilibrium
* Ecological
* Evolutionary
* Feminist
* Freiwirtschaft
* Georgism
* Happiness
* Historical
* Humanistic
* Institutional
* Keynesian
* Neo- (neoclassical–Keynesian synthesis)
* New
* Post-
* Circuitism
* Malthusianism
* Marginalism
* Marxian
* Neo-
* Mercantilism
* Mixed
* Mutualism
* Neoclassical
* Lausanne
* New classical
* Real business-cycle theory
* New institutional
* Physiocracy
* Socialist
* Stockholm
* Supply-side
* Thermo

Economists

* de Mandeville
* Quesnay
* Smith
* Malthus
* Say
* Ricardo
* von Thünen
* List
* Bastiat
* Cournot
* Mill
* Gossen
* Marx
* Walras
* Jevons
* George
* Menger
* Marshall
* Edgeworth
* Clark
* Pareto
* von Böhm-Bawerk
* von Wieser
* Veblen
* Gesell
* Fisher
* Pigou
* Heckscher
* von Mises
* Schumpeter
* Keynes
* Knight
* Polanyi
* Frisch
* Sraffa
* Myrdal
* Hayek
* Kalecki
* Röpke
* Kuznets
* Tinbergen
* Robinson
* von Neumann
* Hicks
* Lange
* Leontief
* Galbraith
* Koopmans
* Schumacher
* Friedman
* Samuelson
* Simon
* Buchanan
* Arrow
* Baumol
* Solow
* Rothbard
* Greenspan
* Sowell
* Becker
* Ostrom
* Sen
* Lucas
* Stiglitz
* Thaler
* Hoppe
* Krugman
* Piketty
* more

Lists|

* Glossary
* Economists
* Publications (journals)
* Schools

* Category
* Index
* Lists
* Outline
* Publications
* Business portal

* v
* t
* e

Media and human factors

* Cognitive psychology
* Externality
* Evolutionary psychology
* Behavioral modernity
* Cognition
* Mismatch
* Media psychology
* Media studies
* Social psychology

Media practices|

* Betteridge's law of headlines
* Gatekeeping
* Infotainment
* Human-interest story
* Junk food news
* Least objectionable program
* Soft media
* Journalistic scandal
* Media bias
* Media manipulation
* Pink-slime journalism
* Political endorsement
* Propaganda
* Public relations
* Missing white woman syndrome
* News values
* Sensationalism
* Hot take
* Spiking
* Tabloid television
* Yellow journalism

Attention|

* Attention economy
* Attention inequality
* Attention management
* Attention span
* Chumbox
* Clickbait
* Cognitive miser
* Low information voter
* Digital zombie
* Phubbing
* Doomscrolling
* Human multitasking
* Media multitasking
* Mobile phones and driving safety
* Smartphones and pedestrian safety
* Texting while driving
* Influence-for-hire
* Infodemic
* Information explosion
* Information overload
* Information pollution
* Information–action ratio
* Rage farming
* Screen time
* Binge-watching
* Television consumption
* Sticky content

Cognitive bias/
Conformity|

* Availability cascade
* Availability heuristic
* Bandwagon effect
* Confirmation bias
* Crowd psychology
* Mobbing
* Moral panic
* Mean world syndrome
* Negativity bias
* Peer pressure
* Social-desirability bias
* Social influence bias
* Spiral of silence

Digital divide/
Political polarization|

* Algorithmic radicalization
* Youth
* Echo chamber
* Fake news website
* Post-truth politics
* United States
* Filter bubble
* Knowledge divide
* Knowledge gap hypothesis
* Political polarization in the United States
* Social media use in politics
* United States
* 2016 U.S. presidential election
* 2020 U.S. presidential election

Related topics|

* Computer rage
* Criticism of Facebook
* 2021 Facebook company files leak
* Facebook–Cambridge Analytica data scandal
* Criticism of Netflix
* Cultural impact of TikTok
* Digital media use and mental health
* Effects of violence in mass media
* Fascination with death
* Griefer
* Mass shooting contagion
* Psychological effects of Internet use
* Sealioning
* Social aspects of television
* Social bot
* Social impact of YouTube
* Technophilia
* Neophile
* Technophobia
* Violence and video games

*[v]: View this template
*[t]: Discuss this template
*[e]: Edit this template