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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

“The Decoy Effect: How Brands Trick You into Choosing More” The Decoy Effect is a pricing strategy where businesses introduce a third, less attractive option (the “decoy”) to subtly push customers toward a more profitable choice. It plays on human p

Ever wondered why you end up buying the “medium” popcorn at the theatre instead of the small one? That’s the Decoy Effect at work—a pricing illusion so sneaky it makes you think you’re choosing wisely. Businesses add a third “decoy” option just to pu

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

Slice is just few of the fintech startups with a Bank License. So will you ever prefer slice instead of other banks like HDFC?

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

when employees ask for a 2nd slice at the pizza party

slice Fintech released new products like fixed deposits and a savings account what do you think they'll release next

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