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Wealth of information = poverty of attention

As we get bombarded by Facebook alerts, e-mails and RSS feeds, I thought this quote from 1978 Nobel Prize winning scientist Herbert Simon was rather appropriate:

"What information consumes is rather obvious: it
consumes the attention of its recipients. Hence a wealth of information
creates a poverty of attention, and a need to allocate that attention
efficiently among the overabundance of information sources that might
consume it."

How true is that?

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