When Product Markets Become Collective Traps: The Case of Social Media | BFI
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Large shares of consumers use Instagram and TikTok out of a fear of missing out rather than genuine interest and, as a result, are worse off than if...

Those findings are crazy. I’ve never been social media addicted, been into luxury or general show-off brands (I pay extra to not look like I’m an advertisement… for anything but metal bands), so I don’t really know much about those issues.

I really miss the mid 90’s / early 2k chats and forums. I still occasionally use irc. Back when the most personal info anyone could be reasonably asked for was “asl?”

They’ve turned us into the product and consumer. A snake ever hungry, eating it’s own tail.

@nyan@lemmy.cafe
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21Y

I’ve never understood the whole “fear of missing out” thing, probably because I’ve spent my entire life “missing out” by most people’s standards and am aware that it isn’t the end of the world.

Obviously you missed the announcement that it is, indeed, the end of the world.

@nyan@lemmy.cafe
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11Y

🎵 It’s the end of the world as we know it, and I feel fine. 🎵 (Seriously, if I had a nickel for every time someone said or implied that . . .)

@neptune@dmv.social
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21Y

It turns out, when our entire society is built around products, peer pressure to consume becomes a major driving force.

This is applicable to any number of things. Those of us who are into computer games would mostly like companies to release them in a finished state but are pretty helpless against abusive marketing and peer pressure. Our friends in gaming are also a network.

The important takeaway here for me is that we meed to abplish the idea of „voting with your wallet“ since this mechanic is broken in the presence of networking effects. E.g. you not only miss out on the game/app/product but you hurt your network and become more isolated.

deleted by creator

Dark Arc
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1Y

You don’t. I play lots of multiplayer games (they’re pretty much all I play these days). You just play different games with different groups of your friends at different times.

I didn’t like Balder’s Gate, RPGs just aren’t my cup of tea. Some of my friends played it, I did things with other friends that interested me.

This person’s argument might apply to some people, but for the majority of people I’ve met, they have more than a couple of friends or at least have friends that are decent enough to say “okay we all like X, so we’ll play that instead since everybody is here.”

meseek #2982
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01Y

Yeah gotta say this is beyond obvious. My stats prof would be winding up with chalk.

If some guy came up trying to sell me an expensive marine device for boats, I’d keep walking. I’m sure it’s a legit, valuable product, but I don’t have a boat. Nor care to own one. To me, that item has zero worth.

Same applies if Adobe offered me their suite. I don’t use their stuff. Zero interest in it.

To me, this is behind obvious. What good is a site if I don’t care for the service? Moreover, social media is invasive, so no wonder it makes sense that those not interested would find more value were it gone. That annoying song they played incessantly on the radio? Isn’t your life better after it fizzles out? What’s the groundbreaking finding?

The groundbreaking finding is that it is in fact not ok go blame the victim. /s

It is obvious for those without ingrained ableism (who therefore dont blame people for being unable to fight against companies that employ psychologists)

@PeepinGoodArgs@reddthat.com
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1Y

Among respondents who own luxury brands that they themselves bought (e.g., Gucci, Versace, Rolex), 44% prefer to live in a world without any of those brands altogether. Among respondents not owning such brands, the fraction preferring to live in a world without them is 69%.

That’s interesting.

Actually, this is kinda like using fossil fuels. If we didn’t have fossil fuels our lives would be miserable. And while using them adds some utility, burning fossil fuels still leaves us miserable, particularly as climate change grows worse.And so, even though I use fossil fuels to fuel my car, heat my home, and cook my food, I’d still prefer to live in a world where its significantly reduced to phased out altogether.

Yep, this is why my family has been phasing gas using products out of our home. One being the electric stove and water heater. It’s nice to know that some of the electricity is solar now too.

This research challenges the standard argument that the mere existence of a product implies positive welfare for its users.

I know this probably means something I don’t understand, but it feels so stupid… Like, what about asbestos?

It works very well in my brake system.

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