Growth Sciences

Reciprocity Principle

The Reciprocity Principle describes the human tendency to be more likely to want to give something back after something is received, whether that be a

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Recency Effect

Recency Effect is a cognitive bias which explains the way in which we always remember first the most recent pieces of information we’ve taken in.

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Psychological Reactance

Psychological reactance is a cognitive bias that was initially studied by Brehm in 1966 that describes the extreme reactions human beings experience when we feel

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Processing Efficacy

Processing efficacy is based on the idea that objects differ in the fluency with which they can be processed. Our judgement of something can be

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Perceived Value Pricing

Perceived Value Pricing explains the fact that our perceptions of a price and its value aren’t necessarily determined by actual market price or financial worth

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Partitioned Pricing

In their research paper “Divide and Prosper: Consumers’ Reactions to Partitioned Prices”, Morwitz, Greenleaf, & Johnson (1998) explore the effect that splitting a total price

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Paradox of Choice

The Paradox of Choice principle is explored by the American psychologist Barry Schwartz in his book The Paradox of Choice – Why more is less

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