Exercise 1 of 4
In comparing plans & pricing, which lens does this check belong to: “Does removing the inferior or strategically positioned option change my preference between the remaining plans?”
Show the best first lens
Decoy Effect
Does removing the inferior or strategically positioned option change my preference between the remaining plans?
Evidence note The decoy effect is a well-documented family of context effects in which adding an inferior or otherwise strategically positioned alternative can change choice shares among the original options. The classic attraction effect uses an asymmetrically dominated decoy that is worse than the target but not necessarily worse than the competitor. The effect is not guaranteed: its size depends on the geometry of the options, prior preferences, task design and other moderators, and preregistered replications have found both successful and weak or null results.

