BIAS OF THE WEEK

Noble Edge Effect

In a study, participants were given unmarked red wine and a card with winery information.
Some were told the winery donates to charity, while others were not.
The wines that came with the charity information were better rated.

Organizations that implement CSR strategies often gain more respect from stakeholders, resulting in higher profits

See the full study here :

Chernev, A., & Blair, S. (2015). Doing well by doing good: the benevolent halo of corporate social responsibility. Journal of Consumer Research, 41(6), 1412–1425.

 

Want to know more about biases?

Priming effect

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Cryptomnesia

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Labor Illusion

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Availability Heuristic

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