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Psychology

Rounded prices get more offers from buyers

Science Says
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Psychology
You’re looking to rent a venue for your next launch event, and have come across two initial quotes, of which you’re expecting to negotiate down: Conference Hall A costing $20,000 for the day, Exhibiti...

Bye-now effect

Why We Buy
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Psychology
Imagine this… It’s a slow Sunday morning. You’re sipping your French roast coffee on the couch while scrolling through a lifestyle blog post. You’re reading about the blogger’s trip to Italy, silently...

Discount coupons: when to give % off vs $ amount off

Science Says
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Psychology
Use % off (e.g. 20% off) when your promotion is store-wide. Use $ off (e.g. $15 off) when your promotion is specific to one product. Sales were up to 42% higher. You’re about to launch your large annu...

Satisficing: Why customers choose the least risky instead of the best

Frontera
|
Psychology
In the 1970s, IBM was under attack from all sides. They were the leaders in the business computers market. And IBM System/360 computers were the iPhone of the 60s. But just like any new technology, th...

How marketers can unlock serendipity in product experiences

Neuroscience Of
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Psychology
Serendipity may feel like an odd emotion to think about in the context of marketing. It’s a special emotion. As we’ve seen, these rare chance encounters can sweep us off our feet; the origin stories o...
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