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Decoy Effect

Attraction Effect ยท Asymmetric Dominance Effect

The phenomenon where consumers will tend to have a specific change in preference between two options when also presented with a third option that is "asymmetrically dominated", that is, inferior in all respects to one option, but compared to the other option is inferior in some and superior in other respects โ€” thereby nudging a preference for the dominating option.

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Origin

Coined by business professor Joel Huber in 1982.