Economic Decision Making: Can we Vote with our Wallets?

   

Tovarishch Endymion

 

Published on Oct 1, 2017

Refutation of the claim that consumers can properly control a free market system through "voting with their wallets"

Crimes of Coke: http://killercoke.org/index.php
Nestle: https://corporatewatch.org/company-profiles/nestlé-sa-corporate-crimes
Walmart: https://lawaspect.com/walmart-unethical-behavior/
Brain battles itself over short-term rewards, long-term goals: https://www.princeton.edu/pr/news/04/q4/1014-brain.htm
Humans Wired to Respond to Short-Term Problems: http://www.npr.org/templates/story/story.php?storyId=5530483
Present Bias: https://illuminate.nucleusfinancial.com/blog/the-present-bias-why-we-prioritise-short-term-wants-over-long-term-needs/
Heuristics & Biases: http://www2.gsu.edu/~dscthw/x130/Heuristics-biases.html
Asch Conformity Experiment: https://www.youtube.com/watch?v=TYIh4MkcfJA
Framing effect: https://en.wikipedia.org/wiki/Framing_effect_(psychology)
Agenda Setting Theory: https://masscommtheory.com/theory-overviews/agenda-setting-theory/
Decisions Are Emotional, Not Logical: http://bigthink.com/experts-corner/decisions-are-emotional-not-logical-the-neuroscience-behind-decision-making
Real World Examples of How Heuristics Have Been Used Against Us: http://www.lifehack.org/articles/lifestyle/real-world-examples-how-heuristics-have-been-used-against.html
Neuromarketing: https://www.neurosciencemarketing.com/blog/articles/what-is-neuromarketing.htm#

Music: https://www.youtube.com/watch?v=x2YlbiyiuMc
https://www.youtube.com/watch?v=m8m2BYv02Nw

Twitter: https://twitter.com/MarxismEndymion


  AutoPlay Next Video