PLANNED VS. ACTUAL ATTENTION
33 Pages Posted: 29 Apr 2021
Date Written: April 28, 2021
When time is scarce, we need to plan how to allocate our attention across decision tasks. To study this problem, we present subjects with pairs of games between which they have to allocate a fixed amount of decision time (attention). We then let subjects play each pair of games without time constraint and use eye-tracking to measure how much time subjects spend playing each game in a pair. We find that subjects’ planned and actual attention allocation differ. We identify the determinants of this difference and show that this discrepancy can be payoff relevant in games where choice is time-dependent.
Keywords: C72, C91, C92
JEL Classification: Attention Allocation, Game Theory, Eye Tracking
Suggested Citation: Suggested Citation