5 minute summaries
1 quote, 3 ideas & 1 question from each episode
__________
31 May 2021
45mins
Owltail Summaries
1 quote, 3 ideas & 1 question from each episode
_________
Why We Hold on to Things
31 May 2021
45mins
Quote
"When other people screw up, it's because they are stupid or losers, but when I screw up it's because of my circumstances"
Ideas
1
Part of the reason we buy something is because of the item, part of it is because of the experience buying it.
Often the experience of shopping and the decision of whether or not to purchase something is fun and exciting, and that alone is a major contributor for us to buying things.
Some things we buy out of necessity, but many things we buy aren't for rational reasons.
Some things we buy out of necessity, but many things we buy aren't for rational reasons.
1
Part of the reason we buy something is because of the item, part of it is because of the experience buying it.
Often the experience of shopping and the decision of whether or not to purchase something is fun and exciting, and that alone is a major contributor for us to buying things.
Some things we buy out of necessity, but many things we buy aren't for rational reasons.
Some things we buy out of necessity, but many things we buy aren't for rational reasons.
2
Not only do we want things and then buy them. But by buying something, we can also increase our desire for those things.
People value their own possessions more than they'd be willing to pay others for the same thing.
By allowing you to try things on for size, it pushes buyers to make the item a part of their identity, and therefore, means they're more likely to buy it.
By allowing you to try things on for size, it pushes buyers to make the item a part of their identity, and therefore, means they're more likely to buy it.
2
Not only do we want things and then buy them. But by buying something, we can also increase our desire for those things.
People value their own possessions more than they'd be willing to pay others for the same thing.
By allowing you to try things on for size, it pushes buyers to make the item a part of their identity, and therefore, means they're more likely to buy it.
By allowing you to try things on for size, it pushes buyers to make the item a part of their identity, and therefore, means they're more likely to buy it.
3
Social status signalling is a big part of why we buy what we buy.
Often, people spend additional money on luxurious goods that were of not much more of additional value. But it's precisely because they're unnecessary, they are able to signal to other people of our statuses.
It is the uniqueness and differentiation to others of things that others value, that we chase after to signal our status.
It is the uniqueness and differentiation to others of things that others value, that we chase after to signal our status.
3
Social status signalling is a big part of why we buy what we buy.
Often, people spend additional money on luxurious goods that were of not much more of additional value. But it's precisely because they're unnecessary, they are able to signal to other people of our statuses.
It is the uniqueness and differentiation to others of things that others value, that we chase after to signal our status.
It is the uniqueness and differentiation to others of things that others value, that we chase after to signal our status.
Questions
1
Can you think of something that is worth more to you because of intangible?
1
Can you think of something that is worth more to you because of intangible?
What else is in the episode
1
How kids think about possession
1
How kids think about possession
2
Why people become attached to items, even to points of irrationality
2
Why people become attached to items, even to points of irrationality
3
How people's beliefs can change people's perception of reality even when it's not true
3
How people's beliefs can change people's perception of reality even when it's not true
Who is Bruce Hood?
1
An experimental psychologist and philosopher who specialises in developmental cognitive neuroscience. His major research interests include the cognitive processes behind adult magical thinking. He's also the author of 'Possessed, Why We Want More Than We Need'.
1
An experimental psychologist and philosopher who specialises in developmental cognitive neuroscience. His major research interests include the cognitive processes behind adult magical thinking. He's also the author of 'Possessed, Why We Want More Than We Need'.
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