579. Are You Caught in a Social Media Trap?
Freakonomics Radio
The Status Budget for Humans
The concept of a 'status budget for humans' delves into the idea of innate preferences for status and the pursuit of status-seeking activities. It questions if there are diminishing returns in seeking status through material possessions, such as luxury products. The potential impact of removing social media on people's pursuit of status and the association of status with other aspects of life is also examined.
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