The Decoy Effect
Posted on February 4, 2008 Comments (2)
The Decoy Effect, or How to Win an Election
Another group was given a different third candidate, a two-star restaurant halfway between the first two. Many people now chose the three-star restaurant, because it beat the new option on convenience and quality. (The five-star restaurant outdid this third candidate on only one measure, quality.)
What the decoy effect basically shows is that when people cannot decide between two front-runners, they use the third candidate as a sort of measuring stick. If one front-runner looks much better than the third candidate, people gravitate toward that front-runner. Third candidates, in other words, can make a complicated decision feel simple.
Related: Too Much Choice – Summer Camp Psychology Experiment
2 Responses to “The Decoy Effect”
Leave a Reply
February 5th, 2008 @ 6:40 pm
I’ve never heard of the decoy effect before. That’s an interesting insight into how the mind works. It could have some real implications in many area’s. One that comes to mind is in the area of marketing and selling. Giving people a percieved choice, while steering them in the direction the marketer or salesman wants them to go.
November 17th, 2009 @ 5:42 am
[…] The Psychology of Too Much Choice – The Decoy Effect – The Brain is Wired to Mull Over Decisions by curiouscat Tags: Economics, […]