Hey I am on MedialĀ ā¢Ā 10m
How Choices Shape Decisions: The Power of the Decoy Effect šÆ
Hey, I'm on MedialĀ ā¢Ā 1y
Mind Games: The Decoy Effect š§ š” Ever feel like a third option makes one of the original choices suddenly more appealing? There's a reason for that: the Decoy effect! Here's how it works: ā Imagine you're choosing a phone plan: * Option A: 2GB
See MoreWill become a inspir...Ā ā¢Ā 4m
āThe Decoy Effect: How Brands Trick You into Choosing Moreā The Decoy Effect is a pricing strategy where businesses introduce a third, less attractive option (the ādecoyā) to subtly push customers toward a more profitable choice. It plays on human p
See MoreWill become a inspir...Ā ā¢Ā 4m
Itās All in the Wording: How the Framing Effect Shapes What We Buyā The Framing Effect is a cognitive bias where people make decisions based on how information is presented rather than the facts themselves. In business, marketers use this to shape p
See MoreExploring peace of m...Ā ā¢Ā 8m
Thorndikeās experiment with cats showed how the environment shapes behavior. Cats learned to pull a lever to escape, reinforcing that the most obvious and rewarding option drives choice. In choice architecture, this applies as: 1. Environment influ
See MoreEverything about Mar...Ā ā¢Ā 4m
āBrilliance by Association: How the Halo Effect Elevates Brands and Salesā The Halo Effect is a cognitive bias where our overall impression of someone or something influences how we feel about their specific traits. In business, this plays out when
See MoreEverything about Mar...Ā ā¢Ā 4m
āSetting the Stage: How Priming Subconsciously Influences Customer Choicesā Priming is a psychological effect where exposure to certain stimuli influences a personās response to future informationāoften subconsciously. In business, priming is used t
See MoreEverything about Mar...Ā ā¢Ā 4m
āSet and Selected: How the Default Effect Quietly Influences Customer Choicesā The Default Effect is a psychological bias where people are more likely to go with pre-selected or automatic choices, simply because it requires less effort. Businesses u
See MoreDownload the medial app to read full posts, comements and news.