🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥

News

Pods

Back

Arcane

Hey, I'm on Medial • 1y

Mind Games: The Decoy Effect 🧠💡 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: ⭐ Imagine you're choosing a phone plan: * Option A: 2GB data, unlimited calls, $40/month * Option B: 5GB data, unlimited calls, $50/month ⭐ A decoy option (C) is introduced: * Option C: 1GB data, limited calls, $45/month ⭐ The decoy is clearly inferior to Option B (target) in all aspects. ⭐ But, the decoy is only slightly inferior to Option A (competitor) in data but cheaper. ⭐ Suddenly, Option B seems like the better deal compared to Option A! This is used in marketing & pricing strategies to nudge your choices. Be aware of this next time you're faced with multiple options, and make informed decisions based on what truly matters to you! Share your experiences with the decoy effect! 🤔🛍️

2 replies8 likes

Replies (2)

Anonymous 1

Hey I am on Medial • 1y

Same thing happens with coffee size options.

1 replies1 like

Anonymous 2

Hey I am on Medial • 1y

Look at all subscriptions offered by OTT. They follow similar patterns

0 replies1 like

Recommendations from Medial

Ronak Patel

Here you go! • 3m

PSYCHOLOGICAL MARKETING TECHNIQUE - 4/10 🧊Imagine you're at an ice cream shop in India. You see two flavors: 🍫chocolate for ₹100 and vanilla for ₹150. Then they add a third option—a "mystery flavor" that's not as good as vanilla and costs ₹200. Su

10 replies14 likes

Rohith R

I help businesses to... • 3m

Imagine you’re buying pizza for your friends, and you’re faced with these options: Small: 4 slices for ₹100 Medium: 8 slices for ₹200 Large: 12 slices for ₹260 (with extra cheese!) Now, let’s rule out the Small pizza—it’s obviously not enough for a

1 replies5 likes

Anonymous

Hey I am on Medial • 9m

For a f&B industry (chocolates), what will be a right option and why! 👉Inhouse production 👉 Outsourcing manufacturing.

7 replies7 likes

Ashish Singh

Finding my self 😶‍�... • 4m

if you want to build an AI🤖 agent startup, follow these key steps: -- Define Purpose and Environment: Identify the tasks your agent will perform and the context in which it will operate13. -- ⭐Gather Data: Collect and prepare relevant datasets

6 replies7 likes

Comet

#freelancer • 5m

Top 5 AI Coding Tools: Which one gives you the most value for your money? 🤔💡 Here’s a quick comparison to help you decide: 1️⃣ **@windsurf_ai** 💰 $15/month ✨ 500 premium messages 🔄 1,500 "flow actions" 💬 Unlimited basic messages

0 replies7 likes

BHAAVYA BAFNA

Student • 1y

If you were a a chocolate company in the current times, how would you tackle the rise in prices of cocoa? Cocoa is a key ingredient in making chocolates. Option A By increasing prices Option B By reducing cocoa If any other option or more de

10 replies9 likes

Vagle

Hakuna matata • 6m

Pay ₹1,950 a month for a search engine that gets its data from google. 😑

20 replies17 likes

Rishabh Nandwana

Transforming ideas i... • 28d

If there was a tool where you can request for unlimited job referrals by pasting the job url how much will you be willing to pay per month?

499

799

999

No, I do not need any referrals

Votes: 64

1 replies10 likes

Aryan patil

Video editor, lyrici... • 1y

⭐Best Ai for free Image/character generation. 👉 It's free to use 👉 It's ban free 👉 No credits required 👉 Unlimited image generations 👉 Generate upto 12 images with single prompt 👉 Prompt enhancer 👉 Customize art style, camera angles, etc...

3 replies7 likes

Anonymous

Hey I am on Medial • 5m

⭐⭐don't you guys think there should be a pay per usage recharge plan as when we are left of data pack it creates a sunk cost fallacy and due to which we tend to waste our time unnecessarily on youtube insta and other platforms thinking we are utilis

1 replies2 likes