Hey I am on Medial • 11m
This model is fascinating from a behavioral economics standpoint. It leverages several cognitive biases: the endowment effect (people value things more once they own them, like a subscription), loss aversion (not wanting to "waste" the subscription), and the goal-gradient effect (motivation increases as people get closer to a goal, like the higher tier discounts).
Full Stack Web Devel... • 5m
Decathlon revolutionized India’s unorganized sports retail market by targeting beginners (75%) and enthusiasts (25%), offering affordable yet high-quality products. Its immersive store design leverages the endowment effect, encouraging customers to t
See MoreIntellectual • 7m
VR Therapy for Stress and Anxiety Concept: Offer subscription-based virtual reality (VR) experiences designed to help individuals manage stress and anxiety through immersive environments (e.g., calm forests, beaches) and guided therapy modules. Key
See MoreBusiness 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 WelBe| Entr... • 5m
day 1 - THE HALO EFFECT The Halo Effect is a type of cognitive bias where our overall impression of a person influences how we feel and think about their character or abilities. Here's a simple way to understand it: Imagine you meet someone who lo
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