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Re: [OT] Selling beer (was: Re: Working for free [was: Offensive variable names])



On Thu, Jul 15, 2021 at 09:55:50AM +0300, Andrei POPESCU wrote:
> On Mi, 14 iul 21, 08:02:19, Charlie Gibbs wrote:

[...]

> > If they didn't pay [for ads], companies would have stopped sinking vast amounts
> > of effort and expense into them a century ago.
> 
> You're giving (big) companies a lot of credit, possibly unwarranted:
> 
> 
> Does Advertising Actually Work? (Part 1: TV) (Ep. 440)
> https://freakonomics.com/podcast/advertising-part-1/
> 
> Does Advertising Actually Work? (Part 2: Digital) (Ep. 441)
> https://freakonomics.com/podcast/advertising-part-2/

Thanks for the links :)

I always say (somewhat with tongue-in-cheek, I don't have the time
or stamina to come up with anything even resembling a proof) that
ad industry is like the rain dance [1]. Probably many doubt it helps
at all, but you allocate resources for it... just in case.

I have the hunch that much of modern economics works at this level
(heck, even their "Nobel Prize" is fake).

Cheers
[1] https://en.wikipedia.org/wiki/Rain_dance
 - t

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