Mind Games: The Decoy Effect ๐ง ๐ก
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:
โญ Imagine you're choosing a phone plan:
* Option A: 2GB
Expand (a+b) ยฒ
Ai : ( a + b )ยฒ
( a + b )ยฒ
( a + b ) ยฒ
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BHAAVYA BAFNA
Studentย โขย 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
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Aniket Kandolkar
Founderย โขย 9m
It's been a great week, cracked my first b to b partnership and got my first bunch of users too.
1 replies5 likes
Abhijit Jha
Full Stack Devloper ...ย โขย 1y
Are you a B. Tech or B. E student?
If yes !! How do you manage college studies and extra learning simultaneously?
1 replies4 likes
Hiral Jain
Content writerย โขย 10m
Hey there everyone! Day 1 of uncovering businesses that continue to operate even after being deemed illegal!
The most illegal and common business is
HAWALA its used by many big businesses(money laundering) and terrorist groups( to fund their groups
Characters -
a company - A
a textile industry - B
and some SMEs
Suppose A talked to 10 small shops which sells clothes in its city and takes their wholesale order let's say 5 clothes for each and then it takes a small amount of advance money from th
Idea to million dollars brand
I. Developing a winning idea
A. identifying a nice market
B. conducting market research
C. formulating a unique value proposition
II. Building a strong brand identity
A. Crafting a memorable brand name
B. Designing