Workshop on Limited attention, selective perception and bounded rationality in decision making
Recent years have seen growing empirical and experimental evidence suggesting that people’s attention is often limited and predictively drawn to specific features of their choice environments. Against the background of this empirical evidence and a long and rich tradition in psychological research, economists have started to argue that selective and biased attention can actually explain a range of empirical puzzles such as risk-seeking behavior, the Allais paradox, the endowment effect, several puzzles in finance, and decoy effects in consumer choice.
Given this growing interest in the working of limited attention, selective perception and bounded rationality in decision making, the Economics Department and the Department of Psychology at the University of Copenhagen will organize an interdisciplinary workshop bringing together leading economists and cognitive psychologists working in this field.
The workshop aims to provide a forum for in-depth interdisciplinary discussions of the latest research on the topic and future research directions. The workshop will consist of keynote-lectures given by leading experts in economics and psychology as well as about 15 selected workshop presentations.