Psychology of Video Games Podcast
Episode 89 - In-Game Purchasess
Dec 4, 2023
The podcast explores the psychological effects of in-game purchases, discussing the impact of perception of money, irrational behavior related to free items, the influence of incentives, understanding the cost of virtual items, and the concept of psychological waste in gaming.
34:24
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Quick takeaways
- Free games are preferred over paid games due to the bias towards free and the perception of no risk or loss.
- The use of in-game currencies and the separation it creates between spending and real money decreases the pain associated with spending and leads to overspending.
Deep dives
The Influence of Free Products
People treat free products differently and perceive them as having no risk or chance of loss. This bias towards free causes individuals to prefer free games over paid ones, even if the paid version offers a better experience. The affect heuristic also plays a role, as receiving something for free triggers happiness, which can lead to a perception of value.
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