
How Costco uses the sunk cost effect to drive repeat purchase
Behavioral Science For Brands: Leveraging behavioral science in brand marketing.
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Utilizing Reciprocity and Loyalty in Brand Strategies
Exploring the psychological principle of reciprocity through Costco's free samples strategy and discussing innovative approaches to loyalty programs by brands like Pre-Morgen and premium hotel chains. The chapter also delves into key behavioral science experiments on the sunk cost effect, illusion of progress, and reciprocity, highlighting the importance of creatively applying behavioral insights for enhanced brand loyalty.
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