When Less Makes Goods Seem Pricier
The empty display case wins. A product held behind glass, released in a trickle, can look more wanted than a sturdier rival sitting within reach. That gap does work. You may see the same materials and the same practical use, yet the withheld item starts to feel like a prize.Scarcity is usually theater. Behavioral economics calls the pull a scarcity heuristic: limited access makes the mind use avai...More
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