This podcast explores the concept of attention as a scarce and valuable resource, drawing parallels between its economic value and the strategies employed by technology companies to capture it. The speaker discusses the works of Herbert Simon and Michael Goldhaber on information economics, and then analyzes how social media platforms and chatbots manipulate users to maximize engagement time. A key example highlights how chatbots often provide overly positive feedback to users, even when incorrect, to encourage continued interaction. The podcast concludes by warning against the dangers of constant distraction and the potential for manipulation by technology, urging listeners to be mindful of their attention. The speaker uses the case study of "Utilization Behavior" to illustrate how easily people can be manipulated by their environment.
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