Skip to main content

Just my thoughts #0635

Attention and pain greatly influence customers’ willingness to pay. Nobody likes to wait. If customers search for products on an online store and receive instant results, they value it. But if they have to wait, it’s a different story. Showing a blank white screen causes customers to leave the site. However, if an animated circle indicates the connection is active, customers are more likely to wait. Additionally, displaying the search process, such as showing that results are being generated, helps customers wait more patiently. In fact, customers often wait with anticipation. Transparency helps ensure that customer interest remains positive and doesn’t turn into frustration. - Joseph’s “just my thoughts”
Post a Comment

Just my thoughts #0358

To obtain the information we seek, we invest time and effort in searching. During this process, there is a cost known as “information search cost.” If the search costs exceed the value of the information we wish to obtain, it is deemed inefficient; people generally aim to avoid inefficiency. For instance, if a billionaire spends considerable effort searching for a car for less than 90,000 USD, then the billionaire will just buy because it is inefficient. Cost-effectiveness in the economic world judgment is a crucial factor to get dominion world we’re living in.


- Joseph’s “just my thoughts”




Labels:

Comments

Post a Comment

Popular posts from this blog

Just my thoughts #0039

The Anchoring Heuristic In 1974, Tversky and Kahneman divided two groups and asked one group to calculate the value of "8x7x6x5x4x3x2x1" and the other group to answer the question "1x2x3x4x5x6x7x8" immediately. The average calculation result of the first group was 2,250, and that of the second group was 512. For both groups, the original answer is 40,320, which is the same. Although they multiplied by the same number, the first group multiplied by the order of the larger number, resulting in a higher baseline adjustment, while the second group did the opposite. When we judge and make decisions, the reference point determines the extent and direction of our illusion. When we live, we have to deal with these fallible human beings. - Joseph's "just my thoughts"
Post a Comment
Read more

Just my thoughts #0057

Most people substitute the issue of choice with the issue of ability. They recognize they cannot do it because scaring to make the wrong choice or lack the knowledge. Banks pay me 1 to 2 percent interest annually on deposits but charge me 4 to 5 percent on loans. It's a game where I'm losing money in every way. Then, I want to avoid putting my money in the bank. It would be better to use it to purchase that bank's stocks as a substitute but meticulous care is required. To make a choice, you have to conquer your fears. How is this a difference of ability? - Joseph’s “just my thoughts"
Post a Comment
Read more

Just my thoughts #0006

"Apples are the fruit" is a true proposition. At this time, "apples" are a Sufficient Condition to be fruit, and vice versa, because the "fruit to be an apple is more necessary for other conditions such as "red, round", the fruit is a Necessary Condition to become an apple. If the proposition of "If you respect someone, you'll get married" is "true," it's a "Sufficient Condition" to find someone you admire for marriage, but it's just only a "Necessary Condition" to find someone to marry for respect. Even with respect, you can not get married. You can't get married even if the Reverse Proposition is "true." Because marriage is a matter of "choice" before conditions or needs. If you want a respectable man, you can find a great man. To live comfortably, you can find a rich man. So, is there no Necessary-Sufficient Proposition for a marriage (conditions where both the proposition ...
Post a Comment
Read more