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Decoy effect

In marketing, the decoy effect (or attraction effect or asymmetric dominance effect) is the phenomenon whereby consumers will tend to have a specific change in preference between two options when also presented with a third option that is asymmetrically dominated. An option is asymmetrically dominated when it is inferior in all respects to one option; but, in comparison to the other option,…

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Wikipedia

Decoy effect

In marketing, the decoy effect (or attraction effect or asymmetric dominance effect) is the phenomenon whereby consumers will tend to have a specific change in preference between two options when also presented with a third option that is asymmetrically dominated. An option is asymmetrically dominated when it is inferior in all respects to one option; but, in comparison to the other option,…

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Decision Lab Biases

Decoy Effect

What is the Decoy Effect? The decoy effect describes how, when we are choosing between two alternatives, the addition of a third, less attractive option (the decoy) can influence our perception of the original two choices. Decoys are “asymmetrically dominated:” they are completely inferior to one option (the target) but only partially inferior to the other (the competitor). For this reason,…

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Tasmanic Biases Blog

Decoy effect: betekenis, voorbeelden & toepassing in marketing

Het decoy effect maakt een van beide opties aantrekkelijker, door daar een derde alternatief aan toe te voegen. Je stuurt de voorkeur van mensen die een keuze moeten maken, door een afleidende optie toe te voegen. […] Read More…

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1982 introductionsBiases blogConsumer behaviourDecision theoryFinance theoriesTasmanicThe Decision Lab

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