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4 arguments against the free market argument (how can companies do harm?)
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1) Imperfect information: e.g. supplements that perhaps have no effect but there's no evidence, or product that does harm but does not need to repeat business with the same consumers
2) Companies that exploit irrationality: e.g. lottery
3) products may advantage the consumer over other people in zero-sum or negative-sum games: e.g. a company that sells software that helps you spam people
4) negative externality: e.g. pollution
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2 arguments that wealth could lead to happiness despite polls not showing this very clearly (Tyler Cowen)
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- poorer people have lower standards
- wealth makes you live longer, and we're only polling the living
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"Ads don't work that way" by Kevin Simler: what's the refuted mainstream argument about how ads work?
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They associate their product with positive emotions
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"Ads don't work that way" by Kevin Simler: argument against emotional inception and for cultural imprintment
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Why do we see plethora of ads for beers, and never for bed sheets? Because buying bed sheets is completely obscure, there's no social signalling involved
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Matthew Butterick's argument against adblockers
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The people who still see the ads are those who are slow on the uptake, and now the writing adapts to them
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