Path Analysis on How Attention Impacts Investment Decision Making

Abstract

Attention bottleneck exerts double restraints on information set in the course of the information receiving. As a kind of subjective resource, attention determines the condition of information set which leads to decision-making expectation deviation and fuzzy condition in action and status space. This further influences his economic behaviors. Attention has become a key link in the decision-making chain from information to attention to decision-making and then to new information. The author analyzes why and how attention influences economic behaviors by using the set theory under the framework of decision-making. The paper discusses the relationship between attention and economic behaviors from the angles “attention dark box” in the course of information of normal and practice in order to discover the receiving.