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A text bubble might seem trivial, until it shapes market dynamics, personal identity, and federal lawsuits. In this episode, UChicago economist Leo Bursztyn discusses how Apple’s green bubble design creates a powerful lock-in effect that reinforces Apple’s market dominance.
Economists have discovered an odd phenomenon: many people who use social media (even you, maybe?) wish it didn’t exist. But that doesn’t mean they can escape.
All that’s keeping some of us on social media is basically the fear of missing out. That raises larger questions about its value.
When Richard Thaler published Nudge in 2008 with co-author Cass Sunstein, the world was just starting to believe in his brand of behavioral economics. How did nudge theory hold up in the face of a global financial meltdown, a pandemic and other existential crises?
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Leonardo
Leonardo Bursztyn is the Saieh Family Professor of Economics at the University of Chicago. He is also an Editor of the Journal of Political Economy, the co-director of the Becker Friedman Institute Political Economics Initiative, and the founder and director of the Normal Lab.
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Amymarie Anderson — amymarie@uchicago.edu
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