Group items tagged

Atlantic.displayRandomElement('#header li.business .sponsored-dropdown-item'); Derek Thompson - Derek Thompson is a senior editor at The Atlantic, where he oversees business coverage for the website. More Derek has also written for Slate, BusinessWeek, and the Daily Beast. He has appeared as a guest on radio and television networks, including NPR, the BBC, CNBC, and MSNBC. All Posts RSS feed Share Share on facebook Share on linkedin Share on twitter « Previous Thompson Email Print Close function plusOneCallback () { $(document).trigger('share'); } $(document).ready(function() { var iframeUrl = "\/ad\/thanks-iframe\/TheAtlanticOnline\/channel_business;src=blog;by=derek-thompson;title=the-irrational-consumer-why-economics-is-dead-wrong-about-how-we-make-choices;pos=sharing;sz=640x480,336x280,300x250"; var toolsClicked = false; $('#toolsTop').click(function() { toolsClicked = 'top'; }); $('#toolsBottom').click(function() { toolsClicked = 'bottom'; }); $('#thanksForSharing a.hide').click(function() { $('#thanksForSharing').hide(); }); var onShareClickHandler = function() { var top = parseInt($(this).css('top').replace(/px/, ''), 10); toolsClicked = (top > 600) ? 'bottom' : 'top'; }; var onIframeReady = function(iframe) { var win = iframe.contentWindow; // Don't show the box if there's no ad in it if (win.$('.ad').children().length == 1) { return; } var visibleAds = win.$('.ad').filter(function() { return !($(this).css('display') == 'none'); }); if (visibleAds.length == 0) { // Ad is hidden, so don't show return; } if (win.$('.ad').hasClass('adNotLoaded')) { // Ad failed to load so don't show return; } $('#thanksForSharing').css('display', 'block'); var top; if(toolsClicked == 'bottom' && $('#toolsBottom').length) { top = $('#toolsBottom')[0].offsetTop + $('#toolsBottom').height() - 310; } else { top = $('#toolsTop')[0].offsetTop + $('#toolsTop').height() + 10; } $('#thanksForSharing').css('left', (-$('#toolsTop').offset().left + 60) + 'px'); $('#thanksForSharing').css('top', top + 'px'); }; var onShare = function() { // Close "Share successful!" AddThis plugin popup if (window._atw && window._atw.clb && $('#at15s:visible').length) { _atw.clb(); } if (iframeUrl == null) { return; } $('#thanksForSharingIframe').attr('src', "\/ad\/thanks-iframe\/TheAtlanticOnline\/channel_business;src=blog;by=derek-thompson;title=the-irrational-consumer-why-economics-is-dead-wrong-about-how-we-make-choices;pos=sharing;sz=640x480,336x280,300x250"); $('#thanksForSharingIframe').load(function() { var iframe = this; var win = iframe.contentWindow; if (win.loaded) { onIframeReady(iframe); } else { win.$(iframe.contentDocument).ready(function() { onIframeReady(iframe); }) } }); }; if (window.addthis) { addthis.addEventListener('addthis.ready', function() { $('.articleTools .share').mouseover(function() { $('#at15s').unbind('click', onShareClickHandler); $('#at15s').bind('click', onShareClickHandler); }); }); addthis.addEventListener('addthis.menu.share', function(evt) { onShare(); }); } // This 'share' event is used for testing, so one can call // $(document).trigger('share') to get the thank you for // sharing box to appear. $(document).bind('share', function(event) { onShare(); }); if (!window.FB || (window.FB && !window.FB._apiKey)) { // Hook into the fbAsyncInit function and register our listener there var oldFbAsyncInit = (window.fbAsyncInit) ? window.fbAsyncInit : (function() { }); window.fbAsyncInit = function() { oldFbAsyncInit(); FB.Event.subscribe('edge.create', function(response) { // to hide the facebook comments box $('#facebookLike span.fb_edge_comment_widget').hide(); onShare(); }); }; } else if (window.FB) { FB.Event.subscribe('edge.create', function(response) { // to hide the facebook comments box $('#facebookLike span.fb_edge_comment_widget').hide(); onShare(); }); } }); The Irrational Consumer: Why Economics Is Dead Wrong About How We Make Choices By Derek Thompson he

First, making a choice is physically exhausting, literally, so that somebody forced to make a number of decisions in a row is likely to get lazy and dumb.

Second, having too many choices can make us less likely to come to a conclusion. In a famous study of the so-called "paradox of choice", psychologists Mark Lepper and Sheena Iyengar found that customers presented with six jam varieties were more likely to buy one than customers offered a choice of 24.

Facebook FB 1.57% researchers have found that 1 in 8 of its users report engaging in compulsive use of social media that impacts their sleep, work, parenting or relationships, according to documents reviewed by The Wall Street Journal.

These patterns of what the company calls problematic use mirror what is popularly known as internet addiction. They were perceived by users to be worse on Facebook than any other major social-media platform

A Facebook team focused on user well-being suggested a range of fixes, and the company implemented some, building in optional features to encourage breaks from social media and to dial back the notifications that can serve as a lure to bring people back to the platform.

mainstream platforms learned their lesson, accepting that they should intervene aggressively in more and more cases when users post content that might cause social harm.

During the wildfires in the American West in September, Facebook and Twitter took down false claims about their cause, even though the platforms had not done the same when large parts of Australia were engulfed in flames at the start of the year

Twitter, Facebook, and YouTube cracked down on QAnon, a sprawling, incoherent, and constantly evolving conspiracy theory, even though its borders are hard to delineate.

More 5inShare Email Print A defendant in the Atlanta Public Schools case turns herself in at the Fulton County Jail on April 2. (David Goldman/AP) Earlier this week at The Atlantic, Emily Richmond asked whether high-stakes testing caused the Atlanta schools cheating scandal. The answer, I would argue, is yes... just not in the way you might think. Tests don't cause unethical behavior. But they did cause the Atlanta cheating scandal, and they are doing damage to the teaching profession. The argument that tests do not cause unethical behavior is fairly straightforward, and has been articulated by a number of writers. Jonathan Chait quite correctly points out that unethical behavior occurs in virtually all professions -- and that it occurs particularly when there are clear incentives to succeed. Incentivizing any field increases the impetus to cheat. Suppose journalism worked the way teaching traditionally had. You get hired at a newspaper, and your advancement and pay are dictated almost entirely by your years on the job, with almost no chance of either becoming a star or of getting fired for incompetence. Then imagine journalists changed that and instituted the current system, where you can get really successful if your bosses like you or be fired if they don't. You could look around and see scandal after scandal -- phone hacking! Jayson Blair! NBC's exploding truck! Janet Cooke! Stephen Glass! -- that could plausibly be attributed to this frightening new world in which journalists had an incentive to cheat in order to get ahead. It holds true of any field. If Major League Baseball instituted tenure, and maybe used tee-ball rules where you can't keep score and everybody gets a chance to hit, it could stamp out steroid use. Students have been cheating on tests forever -- massive, systematic cheating, you could say. Why? Because they have an incentive to do well. Give teachers and administrators an incentive for their students to do well, and more of them will cheat. For Chait, then, teaching has just been made more like journalism or baseball; it has gone from an incentiveless occupation to one with incentives.

Chait refers to violations of journalistic ethics -- like the phone-hacking scandal -- and suggests they are analogous to Major-League steroid use, and that both are similar to teachers (or students) cheating on tests. But is phone hacking "cheating"

Phone hacking was, then, not an example of cheating. It was a violation of professional ethics. And those ethics are not arbitrarily imposed, but are intrinsic to the practice of journalism as a profession committed to public service and to truth.

In 2015, the social network began testing a revenue-sharing program with a limited group of creators, and last November, it rolled out Facebook Creator, a special app designed for professional users. Recently, the social network announced that it was testing some additional tools for creators, including a way for users to purchase monthly subscriptions to their favorite creators’ pages.But some of these features are still not widely available, and many influencers say that Facebook’s charm campaign amounts to too little, too late.

“It feels like they’ve pulled the biggest bait-and-switch of all time,” said Dan Shaba, a co-founder of The Pun Guys, a Facebook page with 1.2 million followers. “They’ve been promising monetization from the moment we got in.”Mr. Hamilton, he of the hot-pepper thong video, said, “I did 1.8 billion views last year. I made no money from Facebook. Not even a dollar.”

While waiting for Facebook to invite them into a revenue-sharing program, some influencers struck deals with viral publishers such as Diply and LittleThings, which paid the creators to share links on their pages. Those publishers paid top influencers around $500 per link, often with multiple links being posted per day, according to a person who reached such deals.

Facebook published a quietly groundbreaking admission on Friday. Social media, the company said in a blog post, can often make you feel good — but sometimes it can also make you feel bad.

Facebook’s using a corporate blog post to point to independent research that shows its product can sometimes lead to lower measures of physical and mental well-being should be regarded as a big deal. The post stands as a direct affront to the company’s reason for being

Its business model and its more airy social mission depend on the idea that social media is a new and permanently dominant force in the human condition.

But possibly as concerning is the thing that we often do while we're sitting: Mindlessly scrolling through our social media feeds when we have a few spare minutes (or for some, hours)

It’s addictive

Experts have not been in total agreement on whether internet addiction is a real thing, let alone social media addiction, but there’s some good evidence that both may exist.

Game theory Sports Previous Next Latest Game theory Latest from all our blogs Football and racist language Reclaiming the Y-word Nov 9th 2012, 16:28 by B.R. ENGLISH football grounds in the 1980s were not pleasant places. Fans were squeezed into caged terraces which were often left open to the elements. Hooliganism was rife and the country was in a state of moral panic as lurid images of fighting youths became a fixture on news bulletins. Margaret Thatcher, the prime minister, convened a "war cabinet". Ken Bates, the chairman of Chelsea football club, suggested electrifying the fences in the stadiums to keep the warring factions apart. By the end of the decade English football reached its nadir. In 1985, 39 Italian football fans had been killed in Heysel, Belgium after a riot by Liverpool supporters. In 1989, Liverpool supporters themselves were the victims as 96 lost their lives at Hillsborough as a result of incompetent policing.Some time toward the beginning of that decade, aged around ten, your correspondent was taken to his first away game by his father, a fanatical supporter of Tottenham Hotspur. The game was a derby with Chelsea, a bitter London rival. Chelsea's fans were among the game’s most notorious. Many were skinheads; foot soldiers of extreme right-wing parties such as the National Front and the British Movement. Tottenham, because of the area in North London in which it is situated, had a large and visible Jewish following. It did not make for a pleasant combination. At one point during the first half the hostile Chelsea crowd fell suddenly silent. Quietly at first came a hissing sound, like someone letting out gas from a canister. Before long the hissing reached crescendo. It was a terrifying sound for a small boy. But I was too young to grasp the significance. Only later was I filled in: the Chelsea fans were mimicking the sound of cyanide being released at a Nazi concentration camp. As the years wore on, the abuse towards Spurs fans became less subtle. When clubs with a large right-wing following came to Tottenham’s White Hart Lane stadium, such as Chelsea, West Ham, Leeds and Manchester United, the anti-semitism was relentless. One common song ran:Spurs are on their way to BelsenHitler's going to gas ‘em againThe Yids from TottenhamThe Yids from White Hart Lane The Y-word. It was the most relentless chant of all. Thousand of opposition fans, faces snarled, would come together in spiteful mantra: “Yiddo! Yiddo!” It was directed towards Tottenham fans and players alike. It would go on for minutes at a time, many times in a game. After a while it was so commonplace that one became immune to it. At some point during that time, something odd began to happen. Tottenham fans began to appropriate the Y-word. Gradually they began to refer to themselves as Yids. The club’s supporters started to describe themselves as the “Yid Army”. Soon the word was being chanted solely by Tottenham fans referring to themselves in a spirit of celebration and of togetherness. It had been reclaimed in much the same way that the word “nigger” was taken back by black hip-hop artists and “queer” was by gays.As a result, the word died as an insult, at least within football grounds.

When water started trickling down a statue of Jesus Christ at a Catholic church in Mumbai earlier this year, locals were quick to declare a miracle. Some began collecting the holy water and the Church of Our Lady of Velankanni began to promote it as a site of pilgrimage.So when Sanal Edamaruku arrived and established that this was not holy water so much as holey plumbing, the backlash was severe. The renowned rationalist was accused of blasphemy, charged with offences that carry a three-year prison sentence and eventually, after receiving death threats, had to seek exile in Finland.

I often joke that every cable news show should be forced to display a disclaimer, streaming in a loop at the bottom of the screen. The disclaimer would read: “These talking heads have been scientifically proven to not know what they are talking about. Their blather is for entertainment purposes only.” The viewer would then be referred to Tetlock’s most famous research project, which began in 1984.

He picked a few hundred political experts – people who made their living “commenting or offering advice on political and economic trends” – and began asking them to make predictions about future events. He had a long list of pertinent questions. Would George Bush be re-elected? Would there be a peaceful end to apartheid in South Africa? Would Quebec secede from Canada? Would the dot-com bubble burst? In each case, the pundits were asked to rate the probability of several possible outcomes. Tetlock then interrogated the pundits about their thought process, so that he could better understand how they made up their minds.

Most of Tetlock’s questions had three possible answers; the pundits, on average, selected the right answer less than 33 percent of the time. In other words, a dart-throwing chimp would have beaten the vast majority of professionals. These results are summarized in his excellent Expert Political Judgment.

Facebook’s new plan to host news publications’ stories directly is not only about page views, advertising revenue or the number of seconds it takes for an article to load. It is about who owns the relationship with readers.

Tech companies have always stepped on one another’s toes to try to become people’s gateway to the digital world — the only place people need to go to get what they want.

all kinds of companies are now becoming tech companies

Google is announcing that it wants to cut out the middleman—that is to say, other websites—and serve you content within its own lovely little walled garden. That sound you just heard was a bunch of media publishers rushing to book an extra appointment with their shrink.

Back when search, and not social media, ruled the internet, Google was the sun around which the news industry orbited. Getting to the top of Google’s results was the key that unlocked buckets of page views. Outlet after outlet spent countless hours trying to figure out how to game Google’s prized, secretive algorithm. Whole swaths of the industry were killed instantly if Google tweaked the algorithm.

Facebook is now the sun. Facebook is the company keeping everyone up at night. Facebook is the place shaping how stories get chosen, how they get written, how they are packaged and how they show up on its site. And Facebook does all of this with just as much secrecy and just as little accountability as Google did.

We are told that this is the era of the empowered consumer:

Better information means more competition, which means lower prices — all features, of course, of an open marketplace ostensibly presided over by a regulatory authority that, while distant, exists to protect our safety.

This vision is a lie. Air travel is the most concentrated version of an essentially authoritarian experience that can be found throughout today’s economy. We live, work, shop, and travel under a system of grossly asymmetric power relationships, in which consumers sign away most of their rights just by purchasing a ticket and companies deputize themselves to enforce contracts with hired goons.

Facebook’s new plan to host news publications’ stories directly is not only about page views, advertising revenue or the number of seconds it takes for an article to load. It is about who owns the relationship with readers.

It’s why Google, a search engine, started a social network and why Facebook, a social network, started a search engine. It’s why Amazon, a shopping site, made a phone and why Apple, a phone maker, got into shopping.

Facebook’s experiment, called instant articles, is small to start — just a few articles from nine media companies, including The New York Times. But it signals a major shift in the relationship between publications and their readers. If you want to read the news, Facebook is saying, come to Facebook, not to NBC News or The Atlantic or The Times — and when you come, don’t leave. (For now, these articles can be viewed on an iPhone running the Facebook app.)

Facebook said in a blog post it is tweaking the all-important algorithm that determines what posts a user sees, with an eye toward featuring topics that interest you, whether you “like” them or not.

The change takes advantage of the fact that Facebook doesn’t just track how long you pore over your friend’s vacation pictures or a news article – it also compares that to your typical reading patterns. It then promotes content that captures more of your attention.

Facebook said data on how long people spend on posts is not shared with publishers or advertisers. Users cannot block Facebook from tracking their reading habits, the company said.

The authors of the report compiled an inventory of 3,959 victims of “racial terror lynchings” in 12 Southern states from 1877 to 1950.

Next comes the process of selecting lynching sites where the organization plans to erect markers and memorials, which will involve significant fund-raising, negotiations with distrustful landowners and, almost undoubtedly, intense controversy.The process is intended, Mr. Stevenson said, to force people to reckon with the narrative through-line of the country’s vicious racial history, rather than thinking of that history in a short-range, piecemeal way.

Around the country, there are only a few markers noting the sites of lynchings. In several of those places, like Newnan, Ga., attempts to erect markers were met with local resistance. But in most places, no one has tried to put up a marker.

Various studies have found that urban dwellers with little access to green spaces have a higher incidence of psychological problems than people living near parks and that city dwellers who visit natural environments have lower levels of stress hormones immediately afterward than people who have not recently been outside.

how a visit to a park or other green space might alter mood has been unclear. Does experiencing nature actually change our brains in some way that affects our emotional health?

found that volunteers who walked briefly through a lush, green portion of the Stanford campus were more attentive and happier afterward than volunteers who strolled for the same amount of time near heavy traffic.

But sadly, the anxieties of our own era could once again give rise to scapegoats and imagined enemies, while contemporary environmental stresses could encourage new variations on Hitler’s ideas, especially in countries anxious about feeding their growing populations or maintaining a rising standard of living.

The quest for German domination was premised on the denial of science. Hitler’s alternative to science was the idea of Lebensraum.

Climate change has also brought uncertainties about food supply back to the center of great power politics.

If you’re in a state of perpetual fear of losing market share for you as a person, it’s just the wrong mind-set to move through the world with.” Meaning that if your goal is to get liked and retweeted, then you are perhaps molding yourself into the kind of person you believe will get those things, whether or not that person resembles the actual you. The writer’s job is to say things that are uncomfortable and hard to reduce. Why would a writer mold himself into a product?

And why couldn’t people hear him about the social effects this would have? “The internet is all about destroying the elite, destroying the gatekeepers,” he said. “The people know best. You take that to its conclusion, and you get Donald Trump. What do those Washington insiders know? What does the elite know?

So he decided to withdraw from it all. After publicity for “The Corrections” ended, he decided he would no longer read about himself — not reviews, not think pieces, not stories, and then, as they came, not status updates and not tweets. He didn’t want to hear reaction to his work. He didn’t want to see the myriad ways he was being misunderstood. He didn’t want to know what the hashtags were.