Consumer rights

Milgram Experiment

Milgram Experiment

Empowering consumers to question authority figures (e.g., salespeople) when making purchases.

Similar Situations

Milgram Experiment

Milgram Experiment

Customer Service: Empowering consumers to assert their rights and seek assistance from higher authorities when dealing with uncooperative service providers.
Asch Experiment

Asch Experiment

Marketing and Advertising: Evaluating consumer trends and preferences independent of group influence.
I, T, X-shaped skills

I, T, X-shaped skills

Marketing: T - Understanding both the product and consumer perspectives enhances marketing strategies.
Bandwagon Effect

Bandwagon Effect

Consumer choices: Recognizing the bandwagon effect can help you make more informed purchasing decisions based on your needs and preferences, rather than being swayed by popular trends.
Birthday Paradox

Birthday Paradox

Marketing and advertising: (Topic: Deep probability Understanding) Apply the concepts of probability to better target your audience and make more informed predictions about consumer behavior.
Osborne Effect

Osborne Effect

Consumer electronics purchases: Making informed buying decisions by weighing the potential benefits of waiting for upcoming product releases against the needs of the present.
The Four Chronotypes

The Four Chronotypes

Planning Date Nights: Wolves are more social at night, while Lions prefer early evenings.
Wardley Map

Wardley Map

Vendor Selection: Choosing the right partners based on their position in the value chain.
Law of Deminishing Returns

Law of Deminishing Returns

Cleaning: Allocating the right amount of time to clean without excessive effort for diminishing returns.
Sunk Cost Fallacy

Sunk Cost Fallacy

Eating habits: Recognizing the sunk cost fallacy can help you make healthier eating choices, without feeling obligated to finish a meal or consume more food just because you've already paid for it or started eating it. This can lead to better decisions regarding portion control and food waste.