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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).
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Behavioral Finance examines how emotions and biases affect financial decisions, leading to irrational behavior. Unlike traditional finance, it acknowledges that people often make decisions influenced by psychology. Key points include: 1. Loss Avers
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Why Early, Intensive Rehab Matters Intensive, task-specific rehab leverages neuroplasticityโstructured repetition helps the brain rewire and restore function. Modern neurorehab includes gait training, VR-based tools, and robotic-assisted intervention
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Decathlon revolutionized Indiaโs 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
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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
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โAnchoring Effect: The First Price You See Changes Everythingโ The Anchoring Effect is a cognitive bias where people rely too heavily on the first piece of information (the โanchorโ) they see when making decisions โ especially in pricing. Businesses
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๐ DAILY BOOK SUMMARIES ๐ ๐ DIRECT FREE E-BOOK DOWNLOAD LINK AVAILABLE โ https://drive.google.com/file/d/1Lhb3QcIPefOPk8YzjQ9zBJlalxWqP6kE/view?usp=drivesdk ๐ฅ The Art of Thinking Clearly ๐ฅ ๐ 20 Lessons ๐ โจ Rolf Dobelli โจ 1. What is Co
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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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๐ DAILY BOOK SUMMARIES ๐ ๐ DIRECT FREE E-BOOK DOWNLOAD LINK AVAILABLE โ https://drive.google.com/file/d/18xOMsRbe8b4vP3zYKobcbsDj4FWlRcMi/view?usp=drivesdk ๐ฅ Thinking, Fast and Slow ๐ฅ ๐ 20 Lessons By ๐ โจ Daniel Kahneman โจ 1. Two System
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๐ DAILY BOOK SUMMARIES ๐ ๐ DIRECT FREE E-BOOK DOWNLOAD LINK AVAILABLE โ https://drive.google.com/file/d/1Z14_Y1VMLoW82wWuYDKmDvIsA8d1NUoO/view?usp=drivesdk ๐ฅ Negotiating the Impossible ๐ฅ ๐ 20 Lessons By ๐ โจ By Deepak Malhotra โจ 1. T
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๐ DAILY BOOK SUMMARIES ๐ ๐ DIRECT FREE E-BOOK DOWNLOAD LINK AVAILABLE โ https://drive.google.com/file/d/1O1iSCMblKPHr_N_KsOJQG0U8w2KdUi0h/view?usp=drivesdk ๐ฅ Evolutionary Psychology ๐ฅ ๐ 20 Lessons ๐ โจ By David Buss โจ 1. What is Evoluti
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