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
Thorndike’s 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
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Manthan Porwal
Hey I am on Medial • 1m
After the era of “data is power,” the next big symbol of power is likely to be “intelligence”—the capacity to interpret, shape, and wield information for tangible outcomes. This includes AI mastery, trusted interpretation of reality, collaboration at
Life doesn’t owe you a good day.
It doesn’t owe you a bad one, either.
What it does is present you with reality.
How you respond? That’s where the magic happens.
Your circumstances are neutral. It’s your thoughts, decisions, and actions that shap
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Sanket Bhosale
Post on Writing & Pe... • 7m
The power of writing lies in its ability to shape your future.
Every word you write is a step towards a new:
- Opportunity
- Connection
- Understanding
Don’t underestimate the impact of your words.
"Did you know? Earth's annual GDP is 900 Lakh Crores ($10.7 trillion) & valuation is 2.8 Lakh Lakh Crores($332 trillion)
You may ask,why does it matter to me? As an early-stage entrepreneur, remember:
"The larger the sector,The higher the Impact, T
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Ronak Patel
Here you go! • 26d
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