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Large shares of consumers use social media out of a fear of missing out

bfi.uchicago.edu

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Re: Large shares of consumers use social media out of a fear of missing out

#71

[flagged]

I don't understand why they don't just make the "reciprocity" argument. The fact that we allow Chinese social networks in the US while they block ours doesn't pass the smell test. To me, this line of argument is easier to rally around as it's more business focused and avoids free speech/national security debates which only serve to muddy the waters

Re: Large shares of consumers use social media out of a fear of missing out

#73

Earlier quoted context omitted.

$28 doesn’t seem like a crazy sum of money though. Passes the sniff test IMO.

$1 is a crazy sum of money when you actually have to spend it. Look at the entire app economy for proof.

App economy is a lot more complicated than that. Many people won't bother installing something for free even if it potentially could help them, yet they'll spend more coins on their favorite gambling game.

Money is only a tiny corner of the issue.

Re: Large shares of consumers use social media out of a fear of missing out

#74

Earlier quoted context omitted.

Sounds closer to terrorism than a wholesome fundraiser. I think maybe could do worse with Baby Shark or something.

Playing deliberately obnoxious music to a captive audience? Yeah that's a CIA torture technique. Unironically.

They're doing it (I presume) in the middle of the day, and for a couple of hours maybe. They're not keeping the victims up for 48 hours straight playing the music.

I think it's a fine idea for a fundraiser.

Re: Large shares of consumers use social media out of a fear of missing out

#75
post #3

Lots of people would be willing to do lots of things for lots of money until you actually give them the opportunity to do so. It's easy to spend hypothetical money.

The reverse is also the case. In market research, the death knell of your research is if you include the question of "would you prefer money or X."

People always choose hypothetical money as it's a wildcard, even if in actuality they will spend ridiculous amounts of it on the thing you are testing in the first place.

The existence of hypothetical money in surveys screws them up terribly, as people are both willing to spend and accept hypothetical money in ways that often don't translate to reality.

Re: Large shares of consumers use social media out of a fear of missing out

#76
post #4

>Among iPhone owners, a striking 91% of respondents indicate that they would prefer Apple to release the iPhone every other year rather than every year. Among respondents not owning the iPhone, this fraction is even larger, at 94%. I wonder why the 94% care so much about a phone that they do not even intend to own. I can't help but think that this study simply shows that more people should mind their own damn busines…

[deleted]

Re: Large shares of consumers use social media out of a fear of missing out

#77
post #71

[flagged]

I don't understand why they don't just make the "reciprocity" argument. The fact that we allow Chinese social networks in the US while they block ours doesn't pass the smell test. To me, this line of argument is easier to rally around as it's more business focused and avoids free speech/national security debates which only serve to muddy the waters

Would you be fine with the same reciprocity regarding car export rules for instance ?

On principle the "reciprocity" card can't be used only when it helps and discarded otherwise.

Re: Large shares of consumers use social media out of a fear of missing out

#78
post #19
post #3

Lots of people would be willing to do lots of things for lots of money until you actually give them the opportunity to do so. It's easy to spend hypothetical money.

I have literally asked people "would you pay $5 for this?" they say yes, then I tell them to buy it and they say no. When this kept happening I realised the only thing that matters in sales is... actually making sales. Everything else is window dressing.

There's an entire book on this I read a few years ago, let me find it

Re: Large shares of consumers use social media out of a fear of missing out

#79
post #19

Earlier quoted context omitted.

I have literally asked people "would you pay $5 for this?" they say yes, then I tell them to buy it and they say no. When this kept happening I realised the only thing that matters in sales is... actually making sales. Everything else is window dressing.

There's an entire book on this I read a few years ago, let me find it

Is it https://www.momtestbook.com/? That's a good one.

Re: Large shares of consumers use social media out of a fear of missing out

#80

Earlier quoted context omitted.

Playing deliberately obnoxious music to a captive audience? Yeah that's a CIA torture technique. Unironically.

They're doing it (I presume) in the middle of the day, and for a couple of hours maybe. They're not keeping the victims up for 48 hours straight playing the music. I think it's a fine idea for a fundraiser.

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