Friday, May 17, 2013

Things I learned this week

• A Honus Wagner baseball card sold for a record $2.1 million in a recent auction. Wagner, who played for the Pittsburgh Pirates, broke into the majors in 1897. He is considered the greatest infielder in baseball history, and the 10th-greatest player overall.

• People are more likely to behave selfishly or less ethically when wearing sunglasses, says a University of Toronto study.

• People are more likely to comply with a request if told that they are free to decline.

• People make more indulgent choices when purchasing for friends than they do when purchasing for themselves.

• People are more satisfied with a decision if they follow it with a physical act of closure, such as closing the box after selecting a chocolate, or closing the menu after making a dinner choice in a restaurant.

• Too many choices can actually be paralyzing. In a famous experiment, 30% of shoppers purchased jam after trying samples from a store display of 6 flavours, while only 3% did so when the display contained 24 flavours.

3 comments:

  1. I intuitively understand that the last 5 points are right - especially the one about sun glasses. Human nature I guess. The baseball card selling for $2.1 million is harder to fathom.

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    1. It is amazing that a piece of cardboard with no intrinsic value can sell for that much. Possibly the "greater fool" principle may be at work, or perhaps $2 million is just pocket change for a billionaire.

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  2. I'm not surprised at that last point. Too many choices leave me paralyzed. I never can decided what to choose, and often I choose nothing.

    $2.1 million for a baseball card? Holy cow!

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