AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
2min snip
#626 - Richard Shotton - 8 Psychology Hacks Behind The World’s Biggest Businesses
Modern Wisdom
The Power of Consistency and Fairness in Influencing Behavior
People's reaction in commercial situations is driven by fairness. A study showed that when people were asked to participate in an experiment for $7, 72% agreed. However, when another group was offered $8 but told that others were paid $10, only 54% agreed. This shows that people's willingness to participate is affected by the perceived fairness compared to others.
00:00
Transcript
Episode notes
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode