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Thomas H. Davenport and J. C. Beck define the concept of attention as:
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.(Davenport & Beck 2001, p. 20)
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Herbert A. Simon was perhaps the first person to articulate the concept of attention economics when he wrote:
"...in 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" (Simon 1971, pp. 40–41).
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Andrew HiskensAttention 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.
Concepts navigation_tools attentioneconomy attention economy psychology information economics interesting
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"...in 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" (Simon 1971, pp. 40–41).
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As content has grown increasingly abundant and immediately available, attention becomes the limiting factor in the consumption of information. Attention economics applies insights from other areas of economic theory to enable content consumers, producers, and intermediaries to better mediate and manage the flow of information in light of the scarcity of consumer attention.
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AIDA - Attention, Interest, Desire and Action
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- Immediacy - priority access, immediate delivery
- Personalization - tailored just for you
- Interpretation - support and guidance
- Authenticity - how can you be sure it is the real thing?
- Accessibility - wherever, whenever
- Embodiment - books, live music
- Patronage - "paying simply because it feels good",
- 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."
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Add Sticky Note
Attention economy
From Wikipedia, the free encyclopedia
Jump to: navigation, searchAttention 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.
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20 Feb 10
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29 Jan 10
Howard Rheingold""...in 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" (Simon 1971, p. 40-41)."
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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.
In this perspective Thomas H. Davenport and J. C. Beck define the concept of attention as :
- "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" (Davenport & Beck 2001, p. 20)
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Herbert Simon was perhaps the first person to articulate the concept of attention economics when he wrote:
- "...in 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" (Simon 1971, p. 40-41).
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Attention economy is also relevant to the social sphere. More specifically, long term attention can also be considered according to the attention that a person dedicates managing its interactions with others. Dedicating too much attention to these interactions can lead to "social interaction overload", 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 an important level of social solicitations.
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Mike O'ConnorAttention 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. In this perspective Thomas H. Davenport and J. C. Beck de
attentioneconomy psychology culture content society behavior
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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
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designers of information systems incorrectly represented their design problem as information scarcity rather than attention scarcity
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"attention transactions" will replace financial transactions as the focus of our economic system
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AIDA - Attention, Interest, Desire and Action
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bernajeanHerbert Simon was perhaps the first person to articulate the concept of attention economics when he wrote:
"...in an information-rich world, the wealth of information means a dearth of something else: a scarcity of whatever it is that information con -
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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.
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lilian ricaudInformation consumes time of its recipients. Hence, a wealth of information creates a poverty of attention. Hence, attention of the recipient has a lot of value.
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Jeff GiddensAttention 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.
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Dante-Gabryell MonsonAttention 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. //"...in 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" (Simon 1971, pp. 40–41).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 (Simon 1996, pp. 143–144).
Economics ParadigmShift AlternativeEconomics Economy Communication Media attention for:meinhard for:mr..domnik for:thomaskalka for:zellerdelicious for:cerenflo for:guaka for:kpi attentioneconomy
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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"
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"...in 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" > (Simon 1971, p. 40-41).
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ian mcdonaldmany designers of information systems incorrectly represented their design problem as information scarcity rather than attention scarcity
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Martin Lindner> Herbert Simon, 1971
Thomas H. Davenport and J. C. Beck define the concept of attention as :
"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 -
12 Jun 07
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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.
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History
Herbert Simon was perhaps the first person to articulate the concept of attention economics when he wrote:
- "...in 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" (Simon 1971, p. 40-41).
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 (Simon 1996, p. 143-144).
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Nick GallIf scarcity of rival environmental resources is what drives natural selection, what does scarcity of rival internal resources (attention) drive?
via_delicious_20101217 ImportedFurl20071006 attention pinboardimport20141106 Economics
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Herbert Simon was perhaps the first person to articulate the concept of attention economics when he wrote: "...in 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" (Simon 1971, p. 40-41). 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 (Simon 1996, p. 143-144). In recent years, Simon's characterization of the problem of information overload as an economic one has become more popular. Business strategists have adopted the term "attention economy" (Davenport & Beck 2001), and some writers have even speculated that "attention transactions" will replace financial transactions as the focus of our economic system (Goldhaber 1997, Franck 1999). 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).
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