{"id":4523,"date":"2019-05-01T10:57:43","date_gmt":"2019-05-01T17:57:43","guid":{"rendered":"http:\/\/blogs.pugetsound.edu\/econ\/?p=4523"},"modified":"2019-05-01T10:57:43","modified_gmt":"2019-05-01T17:57:43","slug":"social-media-enabling-loss-aversion","status":"publish","type":"post","link":"https:\/\/blogs.pugetsound.edu\/econ\/2019\/05\/01\/social-media-enabling-loss-aversion\/","title":{"rendered":"Social Media Enabling Loss Aversion"},"content":{"rendered":"<p>Recently, I was listening to the podcast &#8220;This American Life.&#8221;\u00a0 You have probably heard about it, it&#8217;s a podcast given by Ira Glass where he tells someone&#8217;s story.\u00a0 The particular one I was listening to was a unique one. it was called &#8220;Not Fair!&#8221; and its focus was on referees.\u00a0 No one likes referees, at one point in your life they probably made a call in a sport you cared about against a team you cared about.\u00a0 Even if you have never watched sports in your life, you probably are aware of peoples&#8217; distaste for referees.\u00a0 Recently, hatred for refs have grown to all new heights.\u00a0 This isn&#8217;t my conclusion it was the podcast&#8217;s, and they backed it up.\u00a0 After interviewing refs that have been around for significant amount\u00a0 time, they were able to come to conclusion that the &#8220;F*** you Ref&#8221; chants have gotten worst and more malicious.\u00a0 This would have been an interesting enough podcast, if they had ended it there, but they didn&#8217;t.<\/p>\n<p>The podcast pointed out that refs, if anything, have been making better and better calls.\u00a0 Technology has grown, refs can now re-play possible fouls, and goals, to see if they made the right call.\u00a0 There where even studies showing that refs have gotten less bias against players that are not their race, and less bias against visiting teams.\u00a0 I saw two possible explanations; either one, the refs simply feel like the hate mail, chants, etc. have gotten worse because it is what they&#8217;re experiencing now, or two, social media has enable the inequality and loss aversion within the general public.\u00a0 It is my belief that the latter is far more likely.<\/p>\n<p>Social media has seemed to make people an incredibly critical group, and not always in the most logical sense.\u00a0 Consider people who argue reverse racism, men have become the oppressed sex, and the All Lives\/Blue Lives matter movement.\u00a0 What has sparked these perspectives?\u00a0 I would argue growth.\u00a0 If we could say that as a nation we have become more and more progressive, more and more empowering for minorities and others, it is at the expense of privilege, it is at the expense of someone being called sexist, racist, etc.\u00a0 There are people that are noticing these costs.\u00a0 They&#8217;re noticing these costs a lot more than their privilege.\u00a0 The result; people claiming that the new oppressed sex is man, but honesty they should cool their jets.\u00a0 While women get paid $0.75 on the dollar is an improvement it is still now $1 on the dollar.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Recently, I was listening to the podcast &#8220;This American Life.&#8221;\u00a0 You have probably heard about it, it&#8217;s a podcast given by Ira Glass where he tells someone&#8217;s story.\u00a0 The particular one I was listening to was a unique one. it was called &#8220;Not Fair!&#8221; and its focus was on referees.\u00a0 No one likes referees, at one point in your life they probably made a call in a sport you cared about against a team you cared about.\u00a0 Even if you have never watched sports in your life, you probably are aware of peoples&#8217; distaste for referees.\u00a0 Recently, hatred for refs <a class=\"more-link\" href=\"https:\/\/blogs.pugetsound.edu\/econ\/2019\/05\/01\/social-media-enabling-loss-aversion\/\">Continue reading <span class=\"screen-reader-text\">  Social Media Enabling Loss Aversion<\/span><span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":581,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-4523","post","type-post","status-publish","format-standard","hentry","category-economics"],"_links":{"self":[{"href":"https:\/\/blogs.pugetsound.edu\/econ\/wp-json\/wp\/v2\/posts\/4523","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blogs.pugetsound.edu\/econ\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blogs.pugetsound.edu\/econ\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blogs.pugetsound.edu\/econ\/wp-json\/wp\/v2\/users\/581"}],"replies":[{"embeddable":true,"href":"https:\/\/blogs.pugetsound.edu\/econ\/wp-json\/wp\/v2\/comments?post=4523"}],"version-history":[{"count":1,"href":"https:\/\/blogs.pugetsound.edu\/econ\/wp-json\/wp\/v2\/posts\/4523\/revisions"}],"predecessor-version":[{"id":4524,"href":"https:\/\/blogs.pugetsound.edu\/econ\/wp-json\/wp\/v2\/posts\/4523\/revisions\/4524"}],"wp:attachment":[{"href":"https:\/\/blogs.pugetsound.edu\/econ\/wp-json\/wp\/v2\/media?parent=4523"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogs.pugetsound.edu\/econ\/wp-json\/wp\/v2\/categories?post=4523"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogs.pugetsound.edu\/econ\/wp-json\/wp\/v2\/tags?post=4523"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}