BIAS OF THE WEEK

Single Option Aversion

Researchers showed three participant groups DVD player offers. Group 1 saw a Sony, group 2 a Philips, and group 3 could choose to buy either DVD player.  

66% of participants agreed to buy a DVD player when presented with both models.

Only 9% and 10% would buy the Sony or Philips when they were offered as the only option!

We tend to avoid picking a single option when it is not presented with a competing option.

See the full study here :

Mochon, D. (2013). Single-option aversion. Journal of Consumer Research40(3), 555–566. https://doi.org/10.1086/671343. 

 

Want to know more about biases?

In-Group Bias

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Loss Aversion

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Cashless Effect

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