From value to noise. The dark side of the attention economy
Platforms and media exploit our attention, often at the expense of vital issues and well-being
8' min read
8' min read
They have been doing business with our attention for some time now. Neuroscience providing companies with increasingly sophisticated tools to capture it. The media competing for our glances and thoughts, but above all the big social platforms that now know everything about us and know how to lure us in and keep us hooked. It's the new 'attention economy', baby!
In last week's Mind the Economy we analysed the 'mechanics' of attention, its three engines of action - stimuli, goals, motivations - and the implications of considering attention as a scarce resource in the classical domains of economics, such as consumption, production, organisational dynamics, and strategic interactions. The next step, the one we will focus on here, concerns the analysis of the operational consequences arising from the new attention economy. The associated risks and possible countermeasures.
As we have seen, attention is in some cases directed through explicit voluntary acts, but much more often it is vulnerable to external intervention, which is why there is room for it to be conditioned from outside. The main instrument of this manipulation is what George Loewenstein and Zachary Wojtowicz call 'attentional bluffing' (Journal of Economic Literature 63(3), pp. 1038-89, 2025). These 'bluffs' are strategies through which 'salience' is generated. Attention psychologists refer to this term as the situation in which a certain stimulus stands out from its context and thus attracts our attention prominently. We can understand it as the ability to come 'to the fore' or to 'stand out' that a stimulus possesses, either by physical characteristics, but also by cognitive or motivational characteristics. In the first case, salience is linked to the perceptual properties of the object: a flashing yellow arrow in the middle of the road, even at night, stands out in the midst of a grey landscape, just as an advertising banner that appears in the middle of our computer screen while we are surfing the Internet cannot go unnoticed. It is certain features of the environment that capture our attention. Motivational salience, on the other hand, is related to our purposes, intentions or expectations. If we are looking for house keys, metal objects become more 'salient' even if they are not the most conspicuous. If we are doing something in secret - rummaging through the fridge at night despite our diet - every little noise is capable of jolting us.
The generation of 'salience'
.The problem is that these elements that generate 'salience' - both environment-related and cognitive - can be manipulated and so, too, can our reactions and through them, our actions. It is possible, in other words, to shift the object of our attention by acting on salience and, thus, make certain choices more likely than others.
Loewenstein and Wojtowicz speak of 'attentional bluffing' in these cases, because, as in poker, the advantage comes from changing the perceptions of others rather than the actual value of the cards one holds. If I place a certain product on the supermarket shelf at eye level, I am not making it better than competing products, I am merely making it more 'noticeable' than the others, positively influencing its sales. If I make people believe that the climate of political hatred is increasing in this country, I will not be altering the reality of the facts, but I will be making people more sensitive to certain events, I will be making the press emphasise certain news stories more than others, and I will be manipulating voters' perceptions and generating political consensus.



