Loss aversion

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It is often used by marketers to influence consumer decisions. 1. Free Shipping: Many retailers offer free shipping as a way to entice customers to make a purchase. Customers are less likely focus on the cost of the item due to the perceived loss of not taking advantage of the free shipping. 2. Discounts: By offering a discount, customers are more likely to purchase the item due to the perceived loss of not taking advantage of the discount. Loss Aversion, Cognitive Bias, Taking Advantage, Book Summaries, Focus On, Self Improvement, Bar Chart, Coaching, Marketing

It is often used by marketers to influence consumer decisions. 1. Free Shipping: Many retailers offer free shipping as a way to entice customers to make a purchase. Customers are less likely focus on the cost of the item due to the perceived loss of not taking advantage of the free shipping. 2. Discounts: By offering a discount, customers are more likely to purchase the item due to the perceived loss of not taking advantage of the discount.

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Why Change is Hard #Infographic  Psychological biases play a huge role in our resistance to change. Ego depletion, status quo, loss-aversion, and sunk cost bias are a few psychological biases that will help you understand why you are hesitant to change!  -Dr. Nicole Lipkin, Equilibria Leadership Consulting  #psychologicalbiases #psychology #business #change #leadershipconsulting Psychology Of Change, Bias Quote, Psychology Business, Human Science, Resistance To Change, Baddie Advice, Loss Aversion, Theory Of Change, Leadership Advice

Why Change is Hard #Infographic Psychological biases play a huge role in our resistance to change. Ego depletion, status quo, loss-aversion, and sunk cost bias are a few psychological biases that will help you understand why you are hesitant to change! -Dr. Nicole Lipkin, Equilibria Leadership Consulting #psychologicalbiases #psychology #business #change #leadershipconsulting

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Will Home Values Appreciate or Depreciate in 2020? Loss Aversion, Real Estate Articles, Hobbies To Try, Real Estate Advice, Real Estate Information, First Time Home Buyers, Real Estate News, Real Estate Tips, Selling Real Estate

With the housing market staggered to some degree by the health crisis the country is currently facing, some potential purchasers are questioning whether home values will be impacted. The price of any item is determined by supply as well as the market’s demand for that item.

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