attention economy

E662828

The attention economy is an economic and social framework in which human attention is treated as a scarce, valuable resource that organizations and platforms compete to capture and monetize.

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Statements (48)

Predicate Object
instanceOf economic concept
media studies concept
social theory
appliesTo digital platforms
entertainment industries
news media
online advertising
social media
associatedWith data-driven personalization
real-time bidding markets
targeted advertising
basedOn scarcity of human cognitive capacity
basedOnIdea “a wealth of information creates a poverty of attention”
becameProminentIn early 21st century digital environment
canLeadTo addictive platform use
fragmentation of attention
polarization of public discourse
spread of misinformation
conceptualizedBy Herbert A. Simon NERFINISHED
criticizedFor eroding autonomy
exploiting cognitive biases
incentivizing sensationalism
drives design of recommendation algorithms
notification systems
use of persuasive design
emergedIn late 20th century
encourages creation of attention-grabbing content
maximization of screen time
focusesOn competition for human attention
influences cultural production
journalistic practices
political communication
involves capture of user attention
monetization of user attention
raises ethical concerns
mental health concerns
privacy concerns
relatedTo behavioral economics NERFINISHED
digital marketing
information overload
platform capitalism
surveillance capitalism
user engagement metrics
treats human attention as a scarce resource
uses click-through rates
impressions as a measurement unit
time-on-site metrics
views attention as a form of currency

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Whuffie relatedConcept attention economy