Latest Posts

Considering Consideration Sets

When faced with a decision (e.g., like what to do on a week night), our final decisions are based less on what options are available, and more on what options we consider. The options…

Behavioral Economics & Psychology   /   DECEMBER 15 2012

Are Wii U Prices Manipulating Shoppers’ Psychology?

[youtube=http://youtu.be/0YFstA3fqh0] The pricing structure of Nintendo’s Wii U could manipulate shopper psychology via the decoy effect (see here and here here for more on the effect). The Wii U is mainly available in two forms:…

Behavioral Economics & Psychology   /   DECEMBER 3 2012

The Psychology of Black Friday

Why do shoppers get so crazy and sometimes so irrational on Black Friday? Troy Campbell visits the local mega-mall on Black Friday to find out.

Behavioral Economics & Psychology   /   NOVEMBER 25 2012