Attention functions as convertible capital that individuals and institutions can bank and trade
Evidence
Attention capital is increasingly measurable and quantifiable in terms of circulation figures, mentions in newspaper column-inches, viewing and listener ratings, visitor numbers, and in a digital environment likes, clicks, followers, downloads, and so on. Prizes, awards and honours – such as Nobel Prizes, Academy Awards, fellowships of scientific academies, Honours of any sort - also constitute another type of attention capital, the accumulation of which is important not just for the individuals concerned, but also their universities, film production companies, cities, and their countries, who can then convert it into other forms of capital. — Michael H. Goldhaber, The Attention Economy and the Net, 14
Categorization
- DEFINE: Defines attention capital as a measurable, convertible resource encompassing both raw metrics and prestige markers like awards.
- XREF: connects to: Business models now give goods away free in exchange for user attention.; Fame now precedes wealth in the attention economy — Yves Citton, The Ecology of Attention, 139; Attention’s present-bound nature contradicts the notion of capital accumulation — Yves Citton, The Ecology of Attention, 157 (+17 more)
Related
- Attention only becomes convertible capital through homogenizing measurement devices (similarity 0.91)
- Attention functions as currency in prestige-differentiated social groups (similarity 0.88)
- Attention now functions like money as a common metric for cultural value. (similarity 0.87)
- Attention operates as a form of capital that accrues interest and concentrates inequality. (similarity 0.87)
- Attention cannot function as currency without homogenizing measurement (similarity 0.86)
- Attention operates as an addictive wealth of increasing returns (similarity 0.85)
- Fame now precedes wealth in the attention economy (similarity 0.84)
- Attention functions as a currency that compounds like interest. (similarity 0.84)
- Media function like banks issuing credit denominated in attention (similarity 0.84)
- Measuring attention as data enables treating it as a monetizable resource (similarity 0.83)
- Attention is a currency that is always being spent and cannot be saved (similarity 0.83)
- Mass media function as banks for the attention economy (similarity 0.83)
- Michael H. Goldhaber — The Attention Economy and the Net (similarity 0.82)
- Public attention is a self-reproducing form of value convertible into fame (similarity 0.82)
- Attention can be monetized either by charging admission or by reselling it. (similarity 0.82)
Broader Connections
- Mass media function as banks for the attention economy
#expands(0.95) — Yves Citton, The Ecology of Attention, 159 - Attention operates as a form of capital that accrues interest and concentrates inequality.
#corroborates(0.85) — Michael H. Goldhaber, The Attention Economy and the Net, 16 - Attention can be quantitatively measured and thereby bought and sold.
#expands(0.85) — The Friends of Attention, Attensity!, 121 - Measuring attention as data enables treating it as a monetizable resource
#expands(0.75)