Describe How Facebook 'Leveraged Econ 101' or Fundamental Economics Principals

question 78

Essay

Describe how Facebook 'leveraged Econ 101' or fundamental economics principals, for better performance and user experience with its ad products.

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Definitions:

Bystander Effect

The situation wherein people are less inclined to assist someone in need when there are others around.

Social Exchange Theory

A hypothesis positing that actions within a society stem from a transactional process designed to optimize advantages while reducing disadvantages.

Bystander Effect

A social psychological phenomenon where individuals are less likely to offer help to a person in need when other people are present.

Commotion

Disturbance or turmoil caused by a large amount of noise and confusion.