I am humbled by this AP Psych teacher's mad skills. The song includes a review of several of the terms we've covered during this unit on thinking & language. Other forms of "bias" in the song we will address later in the year...but you should find it entertaining nonetheless.
Showing posts with label anchoring. Show all posts
Showing posts with label anchoring. Show all posts
Thursday, January 13, 2011
Friday, April 16, 2010
Shopping Psychology
I'll credit my colleague, our high school Marketing teacher Mr. Jon Sylte, for alerting me to this 

intriguing title. It has wiggled its way to the top of my "To-read" list. (Okay, it's actually right behind some books I have to read for a grad class, but you know what I mean).
In Priceless: the Myth of Fair Value, author William Poundstone explains all the fascinating (and seemingly manipulative) tricks used by companies to get us to accept a particular price for an item. Much of it smacks of the content of a psychology course on problem solving or cognitive obstacles.
In the video below, Poundstone explains how restaurants manipulate their menus to encourage us to buy certain items (at prices the owners want us to pay). One neat trick: use the "anchoring heuristic". Lots of examples of framing as well.
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