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Paying attention to inattention: evidence from libraries

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  • Albergaria, Matheus
  • Lima, Gilberto Tadeu

Abstract

This note measures inattention in a novel setting, an information commons. Employing a dataset related to daily transactions in libraries, we compare the compliance behavior of library users over weekdays. If inattention affects rule compliance, then one would expect greater return delays in periods of potentially higher inattention, such as the day before weekends, holidays, and exam weeks. We report the occurrence of a “Friday effect”: inattention, as measured by delays in returning checked out books, is consistently higher on Fridays. There is no evidence of inattention in dates near holidays, or exam weeks.

Suggested Citation

  • Albergaria, Matheus & Lima, Gilberto Tadeu, 2022. "Paying attention to inattention: evidence from libraries," Revista Brasileira de Economia - RBE, EPGE Brazilian School of Economics and Finance - FGV EPGE (Brazil), vol. 76(1), June.
    • Handle: RePEc:fgv:epgrbe:v:76:y:2022:i:1:a:81497
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    References listed on IDEAS

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    1. Apesteguia, Jose & Funk, Patricia & Iriberri, Nagore, 2013. "Promoting rule compliance in daily-life: Evidence from a randomized field experiment in the public libraries of Barcelona," European Economic Review, Elsevier, vol. 64(C), pages 266-284.
    2. Luigi Guiso & Paola Sapienza & Luigi Zingales, 2013. "The Determinants of Attitudes toward Strategic Default on Mortgages," Journal of Finance, American Finance Association, vol. 68(4), pages 1473-1515, August.
    3. Brad M. Barber & Terrance Odean, 2008. "All That Glitters: The Effect of Attention and News on the Buying Behavior of Individual and Institutional Investors," The Review of Financial Studies, Society for Financial Studies, vol. 21(2), pages 785-818, April.
    4. Stefano Dellavigna & Joshua M. Pollet, 2009. "Investor Inattention and Friday Earnings Announcements," Journal of Finance, American Finance Association, vol. 64(2), pages 709-749, April.
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    More about this item

    JEL classification:

    • D62 - Microeconomics - - Welfare Economics - - - Externalities
    • D83 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Search; Learning; Information and Knowledge; Communication; Belief; Unawareness
    • H41 - Public Economics - - Publicly Provided Goods - - - Public Goods

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