Hey I am on Medial • 5m
we don't evaluate things in isolation-we judge value by comparison rather than by an absolute standard. Why Does This Happen? 1. Relativity Bias - We compare options rather than assessing their true worth. A 1000 pen might seem expensive, but if placed next to a 5000 pen, it suddenly feels reasonable. 2. Anchoring Effect - Our decisions are influenced by the first piece of information we see. Example: A product originally priced at 5000 but "discounted" to 250 feels like a great deal, even if 2500 is its true value. Social Comparison – We determine our success, wealth, or happiness based on others. Example: A 1 crore salary feels impressive until you find out your colleague earns 2 crores.
Business enthusiasti... • 1m
“Anchoring Effect: The First Price You See Changes Everything” The Anchoring Effect is a cognitive bias where people rely too heavily on the first piece of information (the “anchor”) they see when making decisions — especially in pricing. Businesses
See MoreBuilding Staynix🏠 • 1y
Thought of pricing the product directly instead of striking out the higher price and show the lower price. For example, The product cost is posted as Rs.5000 ,striked it and the final price is Rs.2000. Do you think that strategy still works? I th
See MoreFounder - Burn Inves... • 15d
Remember that killer line from Scam 1992 - "sentimental value nahi real value dekho lala" Feels like we are right now back in that phase. These days before grabbing any stock it’s smarter to pause dig into the fundamentals and make sure the hype is n
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