Construct · 1 fields · 1 citations

scarcity effect: a standalone construct

One name. One construct. A landmark on the map.

● anchor · a standalone construct Nearest construct by meaning·not indexed
scarcityeffect1 CONSTRUCTScarcity effectWORCHEL · CONSUMER PSYCHOLOGY

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Consumer psychology

the tendency to value an item more when it is scarce or its supply has been reduced.

In consumer psychology, scarcity effect refers to the tendency to value an item more when it is scarce or its supply has been reduced. This meaning comes from Worchel (1975) in Journal of Personality and Social Psychology.[1]

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Nearby constructs

item1 fields · 1 citationsanchor · a standalone constructsupply3 fields · 3 citationsjingle · one word, three constructsvalue6 fields · 12 citationsjingle · one name, six constructs

References

  1. Worchel, S., Lee, J., & Adewole, A. (1975). Effects of supply and demand on ratings of object value. Journal of Personality and Social Psychology, 32(5), 906-914. https://doi.org/10.1037/0022-3514.32.5.906

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