Monday, July 4, 2011

Dan Ariely - You're not stupid, but you can be fooled

I am a fan of Dan Ariely's studies on behavioral economics.  Here is a very interesting article (read it here) by Ariely on how some of today's internet giants take advantage of human mental flaws.

Personally, I find myself falling for Amazon's free shipping scheme (buying more items to get free shipping) and frequently anchoring (and comparing) the price I am willing to pay for in Apple App Store to the numerous free apps that are available - "free" is a powerful anchor.

No comments:

Post a Comment