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WKN DE: A3CWWB / ISIN: AT0000A2SGH0
27.07.2025 15:00:24
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Why we need a right not to be manipulated
From to airlines to broadband, companies exploit cognitive biases to get us to part with money. Here’s how to fight backMany nations already enshrine a right not to be defrauded, and even a right not to be deceived. If a company sells you a new medicine, falsely claiming that it prevents cancer, it can be punished. If a firm convinces you to buy a new smartphone, saying that it has state-of-the-art features when it doesn’t, it will have violated the law. But in the current era, many companies are taking our time and money not by defrauding or deceiving us, but by practising the dark art of manipulation.They hide crucial terms in fine print. They automatically enrol you in a programme that costs money but does not benefit you at all. They make it easy for you to subscribe to a service, but extremely hard for you to cancel. They use “drip pricing”, by which they quote you an initial number, getting you to commit to the purchase, only to add a series of additional costs, knowing that once you’ve embarked on the process, you are likely just to say “yeah, whatever”. In its worst forms, manipulation is theft. It takes people’s resources and attention, and it does so without their consent. Continue reading...Weiter zum vollständigen Artikel bei TheGuardian

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