Showing posts with label marketing. Show all posts
Showing posts with label marketing. Show all posts

Saturday, January 17, 2009

Decoy effect

In marketing, the decoy effect (or asymmetric dominance effect) is the phenomenon whereby consumers will tend to have a specific change in preference between two options when also presented with a third option that is asymmetrically dominated. An option is asymmetrically dominated when it is inferior in all respects to one option; but, in comparison to the other option, it is inferior in some respects and superior in others. (more...)