Memberships and subscriptions

Sunk Cost Fallacy

Sunk Cost Fallacy

Knowing the sunk cost fallacy can help you evaluate the ongoing value of memberships and subscriptions, without being influenced by the time or money already spent.

Similar Situations

Decoy Effect

Decoy Effect

Fitness memberships: Recognizing the decoy effect can help you choose the best gym or fitness membership for your needs, without being swayed by less attractive alternatives.
Osborne Effect

Osborne Effect

Software subscription services: Strategically timing feature announcements to maintain user interest without causing cancellations or delayed subscriptions.
Three R's of Growth

Three R's of Growth

Subscription Service: Retain customers by offering tailored packages or exclusive content, ask satisfied subscribers to refer their friends, and highlight positive reviews on your website to attract new users.
Dunbar's Number

Dunbar's Number

Club or organization membership: Joining smaller clubs or organizations can facilitate stronger connections and a greater sense of belonging.
Barnum Effect

Barnum Effect

Personality tests: Understand that some tests use vague or generic descriptions, and focus on more reliable sources for self-improvement.
Dunning–Kruger Effect

Dunning–Kruger Effect

First Aid & Emergency Situations: Those who think they "know what to do" without proper training may make dangerous mistakes. Recognizing this can encourage taking certified first-aid courses.
Pain vs Boredom Experiment

Pain vs Boredom Experiment

Education and Learning: Continuously expanding one's knowledge and skills to prevent stagnation and boredom.
Checker Shadow Illusion

Checker Shadow Illusion

Painting and Drawing: Creating depth and realism by understanding how light and shadows affect color perception.
Five Love Languages

Five Love Languages

Teaching and Mentoring: Connecting with students or mentees by understanding and incorporating their love languages in teaching and guidance.
Ikigai

Ikigai

Hobbies and interests: Exploring your Ikigai can help you develop hobbies and interests that bring meaning and joy to your life.