
Rory Sutherland on Alchemy
EconTalk
00:00
The Psychology of Consumer Choice
This chapter examines the crucial psychological aspects of consumer experiences in restaurant dining and ride-hailing services. It highlights how elements like context and user expectations shape perceptions and decision-making processes, including concepts such as the control heuristic and bias in hiring. Additionally, the discussion reveals the impact of choice architecture on consumer behavior, emphasizing how the design of options can lead to suboptimal decisions.
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