Scarcity Principle
The economic theory that suggests limited availability of a resource increases its value, influencing decision-making and behavior.
The economic theory that suggests limited availability of a resource increases its value, influencing decision-making and behavior.
The theory that people adjust their behavior in response to the perceived level of risk, often taking more risks when they feel more protected.
The set of human characteristics associated with a brand, which shape how consumers perceive it.
A psychological phenomenon where individuals are perceived as more likable if they make a mistake, provided they are generally competent.
A psychological phenomenon where people do something primarily because others are doing it.
A cognitive bias where people prefer the option that seems to eliminate risk entirely, even if another option offers a greater overall benefit.
A cognitive bias where individuals underestimate their own abilities and performance relative to others, believing they are worse than average.
The study of how the brain perceives and responds to art and design, exploring the neural basis for aesthetic experiences.
The style and attitude of the communication in a product, reflecting the brand's personality and affecting how messages are perceived by users.