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Robinhood's Big Gamble | The New Yorker

Cartoon by Pat Byrnes By that spring, Alex Kearns, a twenty-year-old student at the University of Nebraska, had been using Robinhood for about two years. The app had permitted him to trade options just months after he opened his account. Kearns grew up in Naperville, Illinois, with his sister and his parents. His father is an I.T. professional at a financial-services firm. The family was close. Kearns was known as an anxious but positive young man who played trombone in the high-school band, re...
Zuccotti Park New York United States Al Iskandariyah United Kingdom San Francisco

Why do you use your phone so much? It's like gambling and heroin combined

January 24, 2021 Tech companies can mine big data to determine exactly what keeps us glued to our phones, making social media, games and other apps ever more addictive. South China Morning Post Walking, reclining, dining, playing, commuting, shopping: people around the world read their smartphones regardless of where they are or what they’re doing, unable to tear their eyes from their screens regardless of whether they’re on a crowded street or working out at the gym. Adam Alter, an author ...
Wan Chai Hong Kong General Hong Kong United States South Korea Steve Jobs

Why do you use your phone so much? How social media and games are like drug addiction and gambling, with companies having little incentive to change

Modern tech companies are preying on our capacity for ‘behavioural addiction’, marketing professor Adam Alter says The long-term consequences of technology addiction can be social, financial and even physical, he says, suggesting people schedule screen-free time
Winson Wong Addictive Technology Adam Alter New York University Stern School Of Business Steve Jobs
Source: scmp.com

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Arrow's Paradox in the age of social media

Arrow’s Paradox in the age of social media Updated: Updated: Shortened attention spans, relentless messaging, and the mechanics of elections make for an incendiary mix Share Article Shortened attention spans, relentless messaging, and the mechanics of elections make for an incendiary mix The mechanics of all elections are flawed. Each country has different rules regarding its voting systems, and each set of rules is necessarily a compromise. Some countries use ‘first past the post’ system...
State Of California United States Kenneth Arrow Siddharth Pai Joe Biden California Assembly

Digital detox: how to create between screen time habits

When is enough enough? Were still doomscrolling through gloomy news about the coronavirus and the rest of your daily routine is probably something like mine while at home in the pandemic: Divided among streaming movies on Netflix, watching home improvement videos on YouTube and playing video games. All of these activities involve staring at a screen. There has to be more to life than this. With the new year upon us, now is a good time to take a breather and consider a digital detox. You could s...
New York United States Jean Twenge Adam Gazzaley York University Stern School Of Business New York Times
Source: smh.com.au

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