Rational brain ยท Framing & Choice Architecture

Contrast Effect

The same thing looks bigger, cheaper or better next to a worse comparison; sellers control the comparison you see just before the offer.

An everyday example

The estate agent who shows two poor flats before the one they want to sell.

What it can cost you

Judging against the neighbour instead of against the market.

Warning signs

  • It looks great next to the last one.
  • They chose what I saw first.

One thing to do

Compare against your own benchmark set, chosen before the presentation, not against whatever was placed beside the option.

Is this happening to you right now?

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Related

Not medical, legal or financial advice. How Decision IQ works

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