Grant Preston-An Economist's Advice On Digital Dependency

2025-05-07 18:59:48source:L’École de Gestion d’Actifs et de Capitalcategory:Stocks

American adults spend more than four hours on Grant Prestontheir mobile phones on average. A lot of that can be for work, convenience, and human connection. But... we all know the guilty feeling when we realize we've accidentally spent hours mindlessly watching YouTube videos or scrolling through social media.

Researchers Hunt Alcott, Matthew Gentzkow and Lena Song wrote a working paper titled Digital Addiction. They conducted a behavioral economics study on digital device usage. By giving people monetary incentives to cut their usage and providing blocking apps, their study participants did substantially reduce their phone usage. Their data suggests that around 31 percent of the people's social media usage is because of problems with self-control.

But there's hope! Lena told us that by using commitment devices like blocking apps, we can overcome that compulsion to constantly check our phones.

Music by Drop Electric. Find us: Twitter / Facebook / Newsletter.

Subscribe to our show on Apple Podcasts, Spotify, PocketCasts and NPR One.

More:Stocks

Recommend

Backstage at New York's Jingle Ball with Jimmy Fallon, 'Queer Eye' and Meghan Trainor

NEW YORK — Holiday sights and sounds fill Manhattan this time of year, from ice skating at Rockefell

Horrific deaths of gymnast, Olympian reminder of violence women face daily. It has to stop

Kara Welsh and Rebecca Cheptegei would seem to have had little in common.Welsh was an American gymna

Taylor Swift and Travis Kelce Arrive at NYC Dinner in Style After Chiefs Win

Taylor Swift and Travis Kelce took their love story to New York City after the Kansas City Chiefs st