Jaideep Mann

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contrast effect: we judge something to be beautiful, expensive or large if we have something ugly, cheap or small in front of us. We have difficulty with absolute judgements. The contrast effect is a common misconception. You order leather seats for your new car because compared to the $60,000 price tag on the car, $3,000 seems a pittance. All industries that offer upgrade options exploit this illusion.
The Art of Thinking Clearly: The Secrets of Perfect Decision-Making
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