Latest / Behavioral Economics with Fexingo: Decision Making, Bias, and How People Really Spend
Why Your Brain Treats a Haunted House as a Great Deal
In this episode of Behavioral Economics with Fexingo, Lucas and Luna explore the psychology of scarcity and urgency through the lens of a haunted house attraction. They discuss how limited-time offers and artificial scarcity trigger our fear of missing out, and why that leads us to make irrational purchasing decisions. Using the example of a local haunted house that sells out every October, they break down the concept of loss aversion, the scarcity heuristic, and how retailers like ticket platforms and flash-sale sites exploit these biases. They also touch on the role of social proof and the…
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