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TOPIC:
ATTENTION UTILITY THEORY: “SOFT” AND “HARD” MODELING AND EVIDENCE
ABSTRACT
The human brain is by nature miserly and lazy – using up a mere 20 watts – in constantly seeking to minimize energy expenditure unconsciously. This yields a highly volatile and context-sensitive attentional process. As reflected in the two appended abstracts, this talk on the role of attention in decision making builds on both “soft” modeling based on revealed choice (first abstract) and “hard” modeling which seeks additionally biological accuracy (second abstract).