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Notes from the Frontiers of Mathematics

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Tag: Behavior

Asymmetric Dominance Effect

February 21, 2013November 1, 2013 ~ Prateek Joshi ~ 3 Comments

Let's consider a situation. There is a company with two products, A and B. Both these products have their own merits and demerits. Product A has relatively less features, but it's price is low. Product B, on the other hand, has more features but it's more expensive. Consumers tend to pick both these products depending … Continue reading Asymmetric Dominance Effect

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