Nathan

73%
Flag icon
Even though the scarce cookies were rated as significantly more desirable, they were not rated as any better-tasting than the abundant cookies. So despite the increased yearning that scarcity caused (the raters said they wanted to have more of the scarce cookies in the future and would pay a greater price for them), it did not make the cookies taste one whit better. Therein lies an important insight. The joy is not in experiencing a scarce commodity but in possessing it. It is important that we not confuse the two.
Influence: The Psychology of Persuasion (Collins Business Essentials)
Rate this book
Clear rating