The Technology That Gets You to Pay More & The Good News About Envy
Hosted by Mike Carruthers
- 47m
- Transcript
Summary
Written by a model from the transcript; not yet reviewed.
This episode explores how modern corporations use advanced surveillance pricing to charge consumers different rates based on personal data, and why envy can serve as a useful psychological signal rather than just a negative emotion. The guest Lindsay Owens breaks down how companies track geolocation, browser types, and purchase histories to tailor prices, and suggests practical ways consumers can fight back by running comparison experiments. Later, the guest Stacy Kim explains the four components of envy and how recognizing them can help people understand their true desires and motivations instead of falling into cycles of shame.
- Report suspicious texts using your phone's built-in feature or by forwarding them to 7726 to help wireless carriers improve blocking filters. 5:22
- Compare product prices across different venues within the same store, such as checking the mobile app versus the website and physical location. 23:43
- Use the SIREN acronym to examine envy by looking at the similar target, intangible desire, relevant comparison, and negative emotion. 46:50
Chapters
- 0:00Monarch Money Management Intro
Host introduces Monarch, a financial dashboard that aggregates accounts and highlights spending spikes.
- 0:57Spam Text Reporting Effectiveness
Discussion on whether reporting spam texts actually helps carriers block future spam.
- 1:29Surveillance Pricing Overview
Host explains personalized pricing and its prevalence in modern commerce.
- 9:25Loyalty Programs as Double‑Edged Swords
Loyalty programs can offer discounts but also collect data and sometimes penalize users.
- 11:10Real‑World Surveillance Pricing Examples
Examples of Target, Princeton Review, Expedia, Instacart using location and data to charge more.
- 12:15Consumer Responses & Legal Landscape
Explores how consumers can react, current laws, and the need for updated consumer protections.
- 14:00Envy’s Four Components (SIRN) Framework
Stacy Kim explains the SIRN acronym to help listeners analyze and use envy constructively.
- 23:34Practical Tips to Counter Price Discrimination
Advice on comparison shopping, testing apps, and turning experiments back on companies.
- 29:12Envy: From Negative Emotion to Motivation
Host and Stacy Kim discuss envy’s roots, its positive potential, and how to harness it.
- 48:19Practical Envy Management Techniques
Listeners are guided through steps to recognize, analyze, and act on envy without shame.
- 50:01Bonus: Food Tasting & Final Wrap‑Up
Host shares science behind reheated food and closes the episode with sponsor messages and call to action.
Highlights
- 4:53
Where Spam Text Reports Goinsight
Reports sent via your phone's spam button go to Apple, Google, or wireless carriers to fine-tune blocking filters.
- 7:33
Defining Surveillance Pricinginsight
Surveillance pricing is personalized pricing where companies tailor costs based on your willingness to pay and personal data.
- 11:10
Examples of Personalized Pricingdata
Companies like Target, Princeton Review, and Expedia have utilized user data and geolocation to alter prices.
- 19:51
Loyalty Penalties in Retailinsight
Sophisticated data tracking can lead to loyalty penalties where frequent shoppers lose introductory perks once they are hooked.
- 26:07
Consumer Backlash Against Vending Machinesstory
When the Coke CEO admitted to testing temperature-sensitive vending machine pricing in the 1990s, public outrage forced them to back off.
Quotes
“Monarch doesn't just show you what's happened. It helps you spot what's happening right now.”
Mike Carruthers · 0:27 “If you really wanted something to go, to go get it.”
Mike Carruthers · 38:40 “They have an AI weekly recap, and it can flag a spending spike, or a change in your net worth, or upcoming expenses, things that are surprisingly easy to miss on your own.”
Mike Carruthers · 0:36
Sponsored segments
- Monarch 1:00–1:12
- Quince 3:12–3:36
About this episode
When you delete a spam text, your phone often gives you the option to “Delete and Report.” But have you ever wondered what actually happens when you report it? Who gets the report? Does anyone do anything with it? Turns out, hitting that button isn’t as pointless as it may seem. https://consumer.ftc.gov/articles/how-recognize-and-report-spam-text-messages Imagine two people shopping for the exact same thing — but being offered different prices based on what a company knows about each of them. That’s the unsettling idea behind “surveillance pricing” and it happens all the time. Companies can use data, algorithms, hidden fees and other techniques to determine how much they think you are willing to pay — and then charge accordingly. So how does it work and what can consumers do about it? My guest is Lindsay Owens is president and CEO of the Groundwork Collaborative, an economic think tank and corporate watchdog in Washington, D. C. She has testified before Congress and advised lawmakers on consumer and economic issues. She is author of Gouged: The End of a Fair Price—and What That Means for Your Wallet (https://link.amazon/B0f69O9qK). Envy has a terrible reputation. We’re told not to compare ourselves to others, to be grateful for what we have and certainly not to covet what someone else has. But what if envy isn’t a character flaw at all? What if that uncomfortable feeling is actually giving you useful information about what you want from your own life? Social scientist Stacy Kim explains why envy may be worth paying attention to and how to use it without letting it consume you. She has spent more than 15 years helping people understand and use envy more productively and is author of Envy: Why Wanting What They Have Is the Key to Getting What You Want (https://link.amazon/B01U7KWW1). Why do certain foods — lasagna, chili, stews and other leftovers — often taste even better the next day? What could possibly happen sitting in the refrigerator overnight that improves the flavor? There is actually some interesting science behind it. And in some cases, cooling and reheating food may even change it nutritionally. Listen and discover what your leftovers are doing while you sleep. https://www.sciencefocus.com/science/why-does-food-taste-better-the-next-day Learn more about your ad choices. Visit megaphone.fm/adchoices
Transcript
7,888 words · 6 speakers
Speaker names marked are inferred from speaking time and the show’s known hosts — they are not voice-verified.
Topics
- surveillance pricing
- dynamic pricing
- personalized pricing
- Delta
- Washington, DC
- Instacart
- Envy: Why Wanting What They Have Is The Key To Getting What You Want
- JetBlue
- The Groundwork Collaborative
- American Airlines
Page updated · transcript and summary are machine-generated