Consumer rights
Milgram Experiment
Empowering consumers to question authority figures (e.g., salespeople) when making purchases.
Similar Situations
Milgram Experiment
Customer Service: Empowering consumers to assert their rights and seek assistance from higher authorities when dealing with uncooperative service providers.
Asch Experiment
Marketing and Advertising: Evaluating consumer trends and preferences independent of group influence.
I, T, X-shaped skills
Marketing: T - Understanding both the product and consumer perspectives enhances marketing strategies.
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
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
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
Planning Date Nights: Wolves are more social at night, while Lions prefer early evenings.
Wardley Map
Vendor Selection: Choosing the right partners based on their position in the value chain.
Law of Deminishing Returns
Cleaning: Allocating the right amount of time to clean without excessive effort for diminishing returns.
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.