Were the grapes really sour? — Understanding Cognitive Dissonance
The fear of missing out — Part 1: The Loss Aversion
And I did the unthinkable: subscribe myself for promotional emails, despite knowing they are mostly spammy.
I was subscribing to Netflix membership. As most services, Netflix too presented me with an option to subscribe to emails informing me of…
I often wondered how some people around me with similar income levels as mine, were comfortable…
Understanding the Low-ball
I was thinking of buying a good pair of shoes from a long time. However I had never pushed myself for it because my current pair of Nike shoes was still in good condition. Somedays back I was a bit bored and was simply looking into shoes on India’s fashion oriented, app only, E-commerce…
It is well recognised that we have a tendency to follow actions and behaviours of the majority, especially in ambiguous situations and in situations where we ourselves do not have strong knowledge or opinion. Behaviour practitioners exploit this tendency under the technique called…
It was not unusual that it was drizzling though it was a summer evening. It is a beautiful…
How are you ‘packaging’ yourself?
If two randomly formed groups of people had to judge how good below shown interfaces are, each group rating one of the designs, I propose that second picture shall score higher than the first on an average scale. It will be especially true if people make snap judgements and do not have…
Response to my previous article so far could have been termed lukewarm at best. From the beginning I knew I…
It had been a while since I had caught up with this friend. Discussions with him always went beyond worldly and usually concerned ideas, persuits and meaning. During our last discussion he casually remarked, ‘we may die without making something as historic as iPhone like Steve Jobs. But we must…
The fear of missing out — Part 2: The Endowment Effect
Continued from previous article …
Our aversion to loss also influences our behaviour in many subtler ways, two of which I would like to discuss here.
These were the top 10 stories published by Understanding Ourselves; you can also dive into yearly archives: 2016, 2017.