Engagement Maximization
We investigate the management of information provision to maximize user engagement. A principal sequentially reveals signals to an agent who has a limited amount of information processing capacity and can choose to exit at any time. We identify a `dilution'' strategy -- sending rare but highly informative signals -- that maximizes user engagement. The platform's engagement metric shapes the direction and magnitude of biases in provided information relative to a user-optimal benchmark. Even without intertemporal commitment, the platform replicates full-commitment revenue by inducing the user's belief to remain `as uncertain as'' the prior until the rare, decisive signal arrives and induces stopping. We apply our results to two contexts: an ad-supported internet media platform and a teacher attempting to engage test-motivated students.
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