Nearly everyone believes they would be better off spending less time on social media, and yet, they don’t actually follow through with that goal. The inescapable fear of missing out, the desire to know what is happening, seems to reel us back in. So, what is happening, watchfam?
Social status is formally defined as “a person’s standing or importance in relation to other people within a society” and yet, people often think of status exclusively in terms of wealth. The truth is, the concept of social status is at play everywhere; In every situation where we get the feeling that we are of value to other people, or where where we feel even an iota of elevation in our relative social position. The universal human desire for status greatly influences our culture, as well as our own behaviour and the ups and downs of our mood… turns out, this probably has a lot to do with our hobby as watch collectors too!
In her book Dopamine Nation, Dr. Anna Lembke – psychiatrist, author and Chief of Stanford’s Addiction Medicine Clinic – explores why the relentless pursuit of pleasure leads to pain… and offers suggestions on what to do about it. She condenses complex neuroscience into simple metaphors often using the experiences of her patients. I thought there was some benefit in talking about the concepts at a high level, and drawing some parallels to this weird world of collecting watches.
In the last post I mentioned “self” and touched on psychological phenomena related to the self such as: everybody notices us, we are above average, and what we do make perfect sense.
Next we move on to attribution theory, which is a theory that explores how we make sense of ourselves and others, and then onto understanding how we think about other people, and what we actually like about other people.
I was reading this book by Richard Thaler and Cass Sunstein entitled “Nudge” – in the book they evaluate choices, biases and the limits of human reasoning from several perspectives. They tell stories about how they trick themselves to becoming victims of the very limitations of thought that they are describing. This is telling, because the very fact that these educated, articulate professionals can trick themselves (even though they know what is happening) demonstrates how tough it is to think clearly. We fall prey to systematic errors of judgment all the time – however, one of the ways of harnessing this issue is to help others make better decisions.
Facebook’s latest $1 billion acquisition smacks of a desperation that LinkedIn consistently manages to avoid. Image: Flickr/Coletivo Mambembe With all due respect to Facebook, paying $1 billion for Instagram smacks of desperation. It’s as if CEO Mark Zuckerberg is terrified of becoming irrelevant and is willing to spend insane amounts of money in order…