Dylan

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If you’ve ever convinced yourself that an extremely expensive item of clothing was good value just because it was 50 per cent off (as I regularly do), then you’ll know all about the so-called anchoring effect. We find it difficult to put numerical values on things, and are much more comfortable making comparisons between values than just coming up with a single value out of the blue. Marketers have been using the anchoring effect for years, not only to influence how highly we value certain items, but also to control the quantities of items we buy. Like those signs in supermarkets that say ...more
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Hello World: Being Human in the Age of Algorithms
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