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viewing @adityadedhia/Predictably Irrational: Doors…
3 semanas, 5 dias atrás - microblocks
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"In 1941 the philosopher Erich Fromm wrote a book called Escape from Freedom. In a modern democracy, he said, people are beset not by a lack of opportunity, but by a dizzying abundance of it," (Ariely).
We often fall into the trap of going further than we actually need. We fail to account for the cost of the misallocation of resources this creates. Nowadays, a common example can be seen in the software-as-a-service (SaaS) industry⁶ These businesses often bundle multiple apps together to make it a more appealing deal compared to single app purchases. Consider a writer who is compelled into buying an office suite. Now, he would have been perfectly fine going with just a word processor, but could he really swallow missing out on all the other apps that the bundle offered? He rationalizes, 'This option is cheaper if I use all the apps. Maybe I won't need a spreadsheet software today, but in the event that I ever need to work with some data, I would be able to do so.' The irony is that we probably know this, yet we will continue to do it anyways.
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