Arbeitspapier

The Dynamics of Inattention in the (Baseball) Field

Recent theoretical and empirical work characterizes attention as a limited resource that decision-makers strategically allocate. There has been less research on the dynamic interdependence of attention: how paying attention now may affect performance later. In this paper, we exploit high-frequency data on decision-making by Major League Baseball umpires to examine this. We find that umpires not only apply greater effort to higher-stakes decisions, but also that effort applied to earlier decisions increases errors later. These findings are consistent with the umpire having a depletable 'budget' of attention. There is no such dynamic interdependence after breaks during the game (at the end of each inning) suggesting that even short rest periods can replenish attention budgets. We also find that an expectation of higher stakes future decisions leads to reduced attention to current decisions, consistent with forward-looking behavior by umpires aware of attention scarcity.

Language
Englisch

Bibliographic citation
Series: IZA Discussion Papers ; No. 14440

Classification
Wirtschaft
Search; Learning; Information and Knowledge; Communication; Belief; Unawareness
Micro-Based Behavioral Economics: Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making‡
Subject
rational inattention
dynamic decision-making
cognitive capital
decision fatigue
bounded rationality
behavioral economics

Event
Geistige Schöpfung
(who)
Archsmith, James
Heyes, Anthony
Neidell, Matthew
Sampat, Bhaven
Event
Veröffentlichung
(who)
Institute of Labor Economics (IZA)
(where)
Bonn
(when)
2021

Handle
Last update
10.03.2025, 11:44 AM CET

Data provider

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Object type

  • Arbeitspapier

Associated

  • Archsmith, James
  • Heyes, Anthony
  • Neidell, Matthew
  • Sampat, Bhaven
  • Institute of Labor Economics (IZA)

Time of origin

  • 2021

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