Ben Franklin Effect
A psychological phenomenon where a person who has done a favor for someone is more likely to do another favor for that person than if they had received a favor from them.
A psychological phenomenon where a person who has done a favor for someone is more likely to do another favor for that person than if they had received a favor from them.
The tendency to cling to one's beliefs even in the face of contradictory evidence.
A cognitive bias where individuals overlook or underestimate the cost of opportunities they forego when making decisions.
Emotional states where individuals are calm and rational, often contrasted with hot states where emotions run high.
A logical fallacy in which it is assumed that qualities of one thing are inherently qualities of another, due to an irrelevant association.
A theory suggesting that information processed at a deeper, more meaningful level is better remembered than information processed at a shallow level.
A strategy where an additional, less attractive option is introduced to make other pricing options look more appealing, often steering customers towards a particular choice.
A behavioral economics model that explains decision-making as a conflict between a present-oriented "doer" and a future-oriented "planner".
A cognitive bias where people are less likely to spend large denominations of money compared to an equivalent amount in smaller denominations.