New Books in Psychology cover image

Eric J. Johnson, "The Elements of Choice: Why the Way We Decide Matters" (Riverhead Books, 2022)

New Books in Psychology

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The Problem With Optimizing Search Costs

People don't seem to search optimally. We tend to be very present biased or front loaded in costs. You can make that even worse by putting things out of alphabetical order. If you wanted market share, you put your name at the beginning of the alphabet. And this seems like it's not good for anybody.

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