TY - GEN
T1 - A Rational Inattention Theory of Echo Chamber
AU - Hu, Lin
AU - Li, Anqi
AU - Tan, Xu
N1 - Publisher Copyright:
© 2023 Owner/Author(s).
PY - 2023/7/7
Y1 - 2023/7/7
N2 - We propose a theory of echo chamber based on rational inattention, i.e., the ability to allocate limited attention capacities across information sources in a rational, flexible, manner. Such a premise has become increasingly relevant in today's digital age, as people are inundated with information on the one hand, but can selectively choose which information sources to visit using personalization technologies on the other hand. Since [Sunstein, 2007] and [Pariser, 2011], it has been long suspected that rational inattention could engender a selective exposure to content and a formation of homogeneous opinion clusters. This paper develops a novel model to formalize this idea.
AB - We propose a theory of echo chamber based on rational inattention, i.e., the ability to allocate limited attention capacities across information sources in a rational, flexible, manner. Such a premise has become increasingly relevant in today's digital age, as people are inundated with information on the one hand, but can selectively choose which information sources to visit using personalization technologies on the other hand. Since [Sunstein, 2007] and [Pariser, 2011], it has been long suspected that rational inattention could engender a selective exposure to content and a formation of homogeneous opinion clusters. This paper develops a novel model to formalize this idea.
UR - http://www.scopus.com/inward/record.url?scp=85168113278&partnerID=8YFLogxK
U2 - 10.1145/3580507.3597717
DO - 10.1145/3580507.3597717
M3 - Conference contribution
AN - SCOPUS:85168113278
T3 - EC 2023 - Proceedings of the 24th ACM Conference on Economics and Computation
SP - 906
BT - EC 2023 - Proceedings of the 24th ACM Conference on Economics and Computation
PB - Association for Computing Machinery (ACM)
T2 - 24th ACM Conference on Economics and Computation, EC 2023
Y2 - 9 July 2023 through 12 July 2023
ER -