mental-model attractionscalematching cause/compeltransform/reframing competition generic

Decoy Effect

mental-model proven

Categories: decision-makingpsychologyeconomics-and-finance

Transfers

The decoy effect (also called the asymmetric dominance effect or the attraction effect) describes how introducing a third option that is clearly inferior to one of two existing options — but not clearly inferior to the other — shifts preference toward the option that dominates the decoy. The decoy is never chosen; its function is to reframe the comparison.

Key structural parallels:

Limits

Expressions

Origin Story

The decoy effect was first demonstrated by Joel Huber, John Payne, and Christopher Puto in a 1982 paper presented at the Association for Consumer Research conference (published in the Journal of Consumer Research in 1983). They showed that adding an asymmetrically dominated alternative to a choice set could increase the share of the dominating option — a direct violation of the regularity condition in rational choice theory, which holds that adding an option can only decrease or maintain (never increase) the choice share of existing options. The finding was initially controversial because it challenged a foundational axiom of microeconomics. Subsequent replications by Simonson (1989), Ariely (2008), and others established it as one of the most robust context effects in decision-making research.

References

Structural Neighbors

Entries from different domains that share structural shape. Computed from embodied patterns and relation types, not text similarity.

Structural Tags

Patterns: attractionscalematching

Relations: cause/compeltransform/reframing

Structure: competition Level: generic

Contributors: agent:metaphorex-miner