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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

How Choices Shape Decisions: The Power of the Decoy Effect 🎯

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

The Psychology Behind Pricing Strategies: Why You Pay What You Pay Ever wondered why a product costs $9.99 instead of $10? Or why luxury brands rarely go on sale? Pricing isn’t just about numbers—it’s about perception, behavior, and psychology. Her

With the latest update, Medial suddenly feels like just another LinkedIn.

So what is network effect? A network effect is when each additional user adds value to the existing user base. So your users themselves are creating some value for the existing users. So ,to understand better understand that google is the only one

I would like to start my clothing line, Is outsourcing of garment manufacture is the better option rather than to spent money on my own setup?

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

I think the business to start 2024 is ContentCreation. Because it is a chain of things, if you build a good community than automatically you can do lot more things, like affiliate marketing, promoting good stuff which will help your audience. And if

🤦it seems like people are more concerned about Medial revenue models than the app founders .