Hyperbolic Discounting: How to Use This Psychological Bias to Sell More
Monday morning.
Iâm groggy, tired, and in dire need of coffee. Itâs time to make the first decision of the day:
Should I make coffee at home or buy a coffee?
As Iâm weighing my two options, my phone lights up with a notification â itâs from Starbucks.
Limited time! Purchase a beverage and get a free pastry.
Oh boy! Hereâs where the justification process kicks in. If I buy a coffee now, Iâll also get free breakfast. Thatâs too good of an offer to pass up.
I open the Starbucks app and look at the number of rewards points
â¦
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https://salesroadmaps.com/hyperbolic-discounting-how-to-use-this-psychological-bias-to-sell-more/