The Brainy Business | Understanding the Psychology of Why People Buy | Behavioral Economics

322. Achieving More with Less: Subtraction Strategies for Success with Leidy Klotz (refreshed episode)

Sep 11, 2023
In this episode, guest Leidy Klotz, a researcher on the psychology of subtraction, discusses how our instinctual preference for addition can obstruct optimal decision-making. He explains that humans tend to add rather than subtract when trying to improve a situation, as it is a visible way to display competence. However, Klotz argues that subtracting can also display competence, but it may require more effort to make it noticeable. The episode explores concepts such as loss aversion and the IKEA effect, and how prioritizing subtraction can lead to achieving goals effectively.
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