Sharpen your English vocabulary, grammar and listening skills! Watch the full video now!Struggling with English idioms? Grab my book on Amazon now and master English effortlessly! https://qr1.be/R8TEWelcome back to Learn English with Profe Jaimi! I'm Jaimi, and I'm thrilled to have you learning with us. In Episode 7: “The Discounted Sweater” – The Power of the First Price, we're diving into the bustling Cali market to uncover another fascinating financial bias.Have you ever seen an item on sale ...
Sharpen your English vocabulary, grammar and listening skills! Watch the full video now!
Struggling with English idioms? Grab my book on Amazon now and master English effortlessly! https://qr1.be/R8TE
Welcome back to Learn English with Profe Jaimi! I'm Jaimi, and I'm thrilled to have you learning with us. In Episode 7: “The Discounted Sweater” – The Power of the First Price, we're diving into the bustling Cali market to uncover another fascinating financial bias.
Have you ever seen an item on sale and felt like you had to buy it because of the amazing discount, rather than its actual worth? That's exactly what happens to Leo! He spots a sweater with a striking "original" price, making the discounted price seem like an incredible deal.
Join Leo and Mateo as they meet the wise Ms. Reed, who explains the concept of anchoring bias. You'll learn how the very first piece of information we encounter – like that high original price – can strongly influence our perception of value, even if it's not the true worth of an item.
Sharpen your English listening comprehension and expand your vocabulary as you follow Leo's realization about the difference between perceived savings and actual value. This episode will help you understand how "the power of the first price" can impact your shopping decisions and teach you to look beyond the discount to judge true worth.
Tune in and empower yourself to be a smarter shopper, recognizing when your mind might be "anchored" to a misleading price!
What's an item you've bought recently where you think anchoring bias might have influenced your decision?
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