@AnokhiMehta
Anokhi Mehta
@AnokhiMehta · 4:19

Behavioral Economics

And the interesting fact is that the way in which these product choices are presented to buyers will influence the final purchases made by them. And this illustrates a number of concepts of behavioral economics theories. So first, the base model is shown in the customization engine, and that represents the default choice. And more uncertain the customers are about their decision, the more likely it is that they will go with the default, especially if it is presented as the recommended configuration
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