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Axis 1 is useful, but only if it's honest. Advertisers are almost never incentivized to be honest with that information. This seems to be intrinsic. Third-par
by SquishyPanda23 7y ago
Axis 1 is useful, but only if it's honest.
Advertisers are almost never incentivized to be honest with that information. This seems to be intrinsic.
Third-party sources either seem to rapidly grow dishonest (e.g. Amazon reviews) or to be very limited (e.g. Consumer Reports). This doesn't seem to be intrinsic (e.g. Amazon could crack down on fake reviews).
As a result consumers are assaulted with ads and marketing and there is no indication it helps consumers make better choices.
Advetising essentially just draws consumer attention to the products that shout the loudest, not to the best products.
- craftinator 7y agoI think the original comment meant intrinsic in that, because advertising has the greatest value when it advertises a better product than other categorically similar products, advertisers converge toward advertising a better product than they actually sell. If your product has the same qualities as a number of other products, the only way to increase value is to make your product seem better than it is. Also, this is not a new thing by any stretch; humans have been doing this since Ogg sold his "Magic Fire-God Kit" (1 piece wood, 1 piece flint, 1 piece rock) as making better fire than Uhg's "Fire Kit", consisting of the exact same stuff. Seems intrinsic to human nature. I think this is why innovators are more important than advertisers.