5 sneaky ways stores get you to spend more
5 sneaky ways stores get you to spend more with tags sales, sale, discount, behavioral economics, bargain, bogo, psychology, retail tricks, retail, consumer, decision making, economic theory, rational consumer, herbert simon, financial literacy, heuristics, daniel kahneman, marketing, framing effect, loss aversion, nudge theory, richard thaler, cass sunstein, heuristic decision making, advertising, advertiser, ad psychology, nobel prize, nobel prize economics, homework studio, education, animation, ted, ted-ed, teded, ted ed, ted education
Explore 5 tactics that retailers use to influence what you buy and what you’re willing to pay, and how to avoid being tricked.
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You’re about to buy some bargain bin headphones when you spot another sale. A different pair that is more expensive, but selling for half their usual price. Which is the better buy? And how do you know you’re not falling for a retailer’s psychological tricks? Explore common tactics that retailers use to influence what you buy and what you’re willing to pay, and how you can avoid being tricked.
Directed by Homework Studio.
This video was made possible in collaboration with Nobel Prize Outreach, and with support from the Sloan Foundation
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