Miopia

«In other words, an information surplus may cause an attention deficit. An attention deficit is likely to lower the quality of decision-making. For cognitive psychologists, it is a disorder - one whose reported incidence has sky-rocketed over recent years. If short-term reactions are clouding long-term judgements, the doer crowding-out the planner, the immediate the important, then more hurry may be generating less speed.

This might be called the "information-rich-yet-attention-poor" property of connected webs. One manifestation is over-trading - over-trading in friends, partners, jobs, stocks. Perhaps that is why marriage rates have halved, and divorce rates doubled, in the UK since 1970; why the tenure of global CEOs has halved since 1995; and why holding periods for stocks have more than halved since 1980. For many key decisions, myopia has been mounting.»

Why institutions matter (more than ever), Andy Haldane