oter

The power of free is hard to resist from "summary" of Predictably Irrational, Revised by Dan Ariely

We often believe that we are in control of our decisions and actions. However, the reality is that our behaviors are heavily influenced by external factors, such as the presence of free items. The mere presence of something being offered for free has a powerful effect on our decision-making process. It is hard for us to resist the allure of getting something for nothing, even if it is something we may not have wanted or needed otherwise. The concept of "The power of free is hard to resist" highlights the irrationality of human behavior when it comes to free items. We tend to assign a higher value to items simply because they are free, even if they have no intrinsic value to us. This phenomenon can be seen in various aspects of our lives, from promotional giveaways to buy-one-get-one-free deals. When we are faced with a choice between a free item and a discounted item, we are more likely to choose the free item, even if the discounted item offers better value for money. This is because the word "free"...
    Read More
    Continue reading the Microbook on the Oter App. You can also listen to the highlights by choosing micro or macro audio option on the app. Download now to keep learning!
    Similar Posts
    Use metaphors and analogies to simplify complex ideas
    Use metaphors and analogies to simplify complex ideas
    When faced with the challenge of explaining complex ideas, it is essential to find ways to make them more accessible and unders...
    Seek professional advice when necessary
    Seek professional advice when necessary
    When it comes to managing your finances, it is crucial to know when to seek help from a professional. While it is important to ...
    Offer incentives to encourage repeat business
    Offer incentives to encourage repeat business
    To encourage repeat business, you need to give your customers a reason to come back. One effective way to do this is by offerin...
    Brands can create a sense of community among consumers
    Brands can create a sense of community among consumers
    The idea that brands have the power to foster a feeling of belonging among their customers is a compelling one. By cultivating ...
    Likable individuals are more likely to gain favor and influence over others
    Likable individuals are more likely to gain favor and influence over others
    One of the key principles explored is the idea that individuals who are perceived as likable have a greater ability to sway oth...
    Using storytelling techniques to engage and influence
    Using storytelling techniques to engage and influence
    Storytelling is a powerful tool that can be used to captivate an audience and influence their thoughts and behaviors. By weavin...
    Cognitive ease affects preferences
    Cognitive ease affects preferences
    When people make decisions, their choices can be influenced by the ease or difficulty of processing information. This concept i...
    Trust: foundation of influence
    Trust: foundation of influence
    Trust is the essential element that underpins influence. It is the bedrock upon which all successful relationships, whether per...
    Being mindful of expenses
    Being mindful of expenses
    Being mindful of expenses is a crucial aspect of managing one's finances. It involves being aware of where and how money is bei...
    Recognizing the signs of online manipulation
    Recognizing the signs of online manipulation
    Recognizing the signs of online manipulation is crucial in protecting yourself from falling victim to psychological manipulatio...
    oter

    Predictably Irrational, Revised

    Dan Ariely

    Open in app
    Now you can listen to your microbooks on-the-go. Download the Oter App on your mobile device and continue making progress towards your goals, no matter where you are.