Latest / Behavioral Economics with Fexingo: Decision Making, Bias, and How People Really Spend
The Decoy Effect How a Third Option Tricks Your Brain
Why do movie theaters sell giant popcorn for just a dollar more than medium? It's not about value — it's about a cognitive quirk called the decoy effect. In this episode, Lucas and Luna break down how a deliberately inferior third option can make you pick the most expensive choice without realizing it. They walk through classic experiments by Dan Ariely, real-world pricing strategies from The Economist and movie popcorn, and what happens when decoys show up in healthcare, dating apps, and your 401(k) menu. You'll learn to spot the trap, and maybe save yourself from buying the…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.