LIMITED_ATTENTION

"Evolutionary, Social, and Strategic Aspects of limited Attention and Economic Policy Implications"

 Coordinatore OTTO-FRIEDRICH-UNIVERSITAET BAMBERG 

 Organization address address: KAPUZINERSTRASSE 16
city: BAMBERG
postcode: 96045

contact info
Titolo: Dr.
Nome: Oliver
Cognome: Clarenz
Email: send email
Telefono: 499519000000

 Nazionalità Coordinatore Germany [DE]
 Totale costo 100˙000 €
 EC contributo 100˙000 €
 Programma FP7-PEOPLE
Specific programme "People" implementing the Seventh Framework Programme of the European Community for research, technological development and demonstration activities (2007 to 2013)
 Code Call FP7-PEOPLE-2012-CIG
 Funding Scheme MC-CIG
 Anno di inizio 2012
 Periodo (anno-mese-giorno) 2012-08-01   -   2016-07-31

 Partecipanti

# participant  country  role  EC contrib. [€] 
1    OTTO-FRIEDRICH-UNIVERSITAET BAMBERG

 Organization address address: KAPUZINERSTRASSE 16
city: BAMBERG
postcode: 96045

contact info
Titolo: Dr.
Nome: Oliver
Cognome: Clarenz
Email: send email
Telefono: 499519000000

DE (BAMBERG) coordinator 100˙000.00

Mappa


 Word cloud

Esplora la "nuvola delle parole (Word Cloud) per avere un'idea di massima del progetto.

public    issue    debt    you    default    policy    pay    foundations    implications    allocating    paying    evolution    evolutionary    economic    limited    strategic    players    inattentive    agents    equilibrium   

 Obiettivo del progetto (Objective)

'Attention is a scarce cognitive resource. How economic agents allocate their LIMITED ATTENTION has profound implication for economic policy. Investors may not pay attention to differences in country specific default risks in sovereign debt until something triggers attention to this issue. Then we might change from a good equilibrium of sustainable debt to bad equilibrium of default. Consumers may not be able to pay attention to all details and become vulnerable to exploitation by strategic agents. Voters’ limited attention influences elections and ultimately public policies. This project seeks a deeper understanding of LIMITED ATTENTION and its economic consequences. Part 1 investigates the evolutionary foundations of limited attention, seeking a better understanding of the evolution of allocating limited attention. Furthermore, we consider in how far limited cognition can provided a framework for an evolutionary foundations of prospect theory, particularly for probability weighting. In addition, we investigate the evolution of paying attention to different characteristics. Part 2 focuses on social and strategic aspects of allocating limited attention and the implications for public policy. When is paying attention a strategic complement (i.e. you want to pay attention to an issue when others pay attention to it) and when a strategic substitute (i.e. if other pay attention to this issue, you can focus your attention on other things)? How might attentive players exploit inattentive players and how can inattentive agents protect themselves. A better understanding of these strategic aspects of limited attention will have important positive and normative implications for public policy and interesting applications as illustrated in the previous examples. The project is a crucial part of reintegrating the researcher into the European research network, facilitating joint work with his coauthors across Europe, and keeping his international connections and collaborations.'

Altri progetti dello stesso programma (FP7-PEOPLE)

CMPTIMSMS (2011)

Cancer metabolic profiling through ion mobility and mass spectrometric-based methods

Read More  

FETAL THYROXINE (2012)

Cognitive Adverse Effects of In Utero Exposure to Medications: Role for Impaired Delivery of Thyroid Hormones into the Fetal Brain

Read More  

DISCOVERY 2010 (2010)

"Discovery 2010 Young scientists, new science, inspiring art, surprising performances, experiments, film, games and top DJ's at a unique location. An Amsterdam night with broad national appeal."

Read More