Get unstuck — and leap ahead with fresh, action-oriented insights in one inspiring minute a day! I'm an author, seasoned entrepreneur and sought-after marketing expert, sharing ideas and free advice for creating and marketing stuff people really NEED. Every punchy post brightens your inbox with a thought-provoking cartoon illustration. Author of “I Need That” and host of the Product: Knowledge podcast.
Share
The $20 Prize That’s Worth More Because it Coulda Been $10
Published 1 day ago • 1 min read
New research shows that uncertainty makes a reward more desirable. Imagine two people each receive a $20 gift card. One is simply handed the card. The other spins a prize wheel offering $10, $20 or $30, and happens to stop on $20. Both got the same card, and the exact same value. But the second person likes theirs MORE. That’s the cool finding from new research involving seven preregistered experiments and more than 12,000 participants. The researchers call it the “uncertainty spillover...
Subscribe to keep reading
This post is free to read but only available to subscribers.