The Attention Economy: An Overview - 0 views
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Because of this information explosion, we no longer read - we skim. The news that used to last a day now lasts just a few hours, simply because we need to pay attention to the new news. So it is becoming increasingly difficult to juggle all the news sources and keep on top of things. Which brings us to the law of information, stated first by Herbert Simon: the rapid growth of information
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causes scarcity of attention.
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It is also a big problem for news sites, blogs, search engines and online retailers. Our scarcity of attention hurts their economics.
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