Thursday, November 11, 2010

The Burden of Choice | Psychology Today

In my first PHD economics course I remember the teacher (who I could BARELY understand) say that more choices were often bad for the consumer. It was a new idea to me and I at first disagreed, but was persuaded.
This idea is why stores like Trader Joes or Stew Leonard's offer fewer choices (and get higher sales) as a result.
The Burden of Choice | Psychology Today:
"In an experiment examining

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