الفهرس | Only 14 pages are availabe for public view |
Abstract The decoy effect plays a significant role in shaping consumer choices by subtly influencing the decision-making process. This effect taps into cognitive biases and heuristics that individuals rely on when making choices. By introducing a decoy option that alters the perception of available choices, businesses can guide consumers towards the option that is most advantageous to them. Understanding and effectively utilizing the decoy effect can result in increased sales, customer satisfaction, and overall business success. The decoy effect challenges the assumptions of rational choice theory, which posits that individuals make decisions based on rationality, consistency, and maximizing utility. According to this theory, the introduction of a decoy option should not impact the decision-making process. However, numerous studies consistently demonstrate that the decoy effect does influence decision-making, indicating that individuals are not always rational in their choices. This emphasizes the importance of considering cognitive biases and psychological factors when analysing consumer behavior. Despite that it can be a powerful tool there are several common misconceptions surrounding the decoy effect that need to be addressed. One misconception is that the decoy effect only works in specific industries or for certain types of products. This research aimed to answer the following question Does the asymmetric dominance effect have the ability to influence the consumers’ food choice? and to see for itself whether the decoy effect can be replicated effectively. Answering this question required some key points to be analyzed: 1- The influence of the ADE on the consumer’s food choice. 2- The role of the brand in the effect. |