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402 Using Behavioral Science in Marketing by Nancy Harhut

The Marketing Book Podcast

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The Endowment Effect

Once something becomes ours we place even more value on it. Most of our perspective customers overvalue things that are already in their account. People are twice as motivated to avoid loss as to achieve gain. We want what we can't have in a phrase you know how that's how we're hardwired and play hard to get why because that would make us more desirable.

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