I wrote this for a related article yesterday: --- If we know that humans have all sorts of cognitive biases, how come it's ok to use that fact while at the same time we insist there's some kind of free market? Say you discover that putting good-looking women next to cars causes the sale of cars to increase. Why does nobody question whether it is legitimate to do so? It's as if there's a line between actively lying ("…
There is absolutely no limit to this. Putting on a suit for a financial job interview exploits the cognitive biases of interviewers. Tattoos exploit the cognitive biases of hipsters. Putting hockey-stick growth projections in pitch decks exploits the cognitive biases of VCs. Equity grants (pretty much always) exploit the cognitive biases of startup employees. Driving a fancy car exploits the cognitive biases of (a ve…
The latter exists and has been used by Google to offer jobs to users for whom they may have an opening. (Or perhaps a competitor has openings and Google wants to ensure the best candidates not work there, which is what I would do if I were Google.)
That several gargantuan companies have and use this kind of insight into widescale human behavior is more terrible than "grandpa shared some nonsense on facebook."
Edit: clarification