Scarcity Principle

Items perceived as scarce or limited in availability are considered more valuable, triggering urgency and a fear of missing out (FOMO).
dataset
Decision Making
sentiment_very_satisfied

Drives urgency and action by highlighting limited availability

sentiment_sad

Overuse can cause user fatigue or mistrust

percent
Promotions
shopping_cart_checkout
Checkout
arrow_upward_alt
Conversion
arrow_upward_alt
Engagement
arrow_upward_alt
Decision-Making
arrow_upward_alt
Exploration

The Study

Scarcity Principle explores how individuals' decisions and perceptions are influenced by underlying psychological mechanisms. Research on this bias has revealed its role in everyday behaviours and decision-making processes. Studies often involve experiments where participants' reactions are observed to determine the bias's impact. This understanding helps designers and marketers craft more effective, user-centric experiences.

The result

The results indicate that scarcity principle significantly influences decision-making by altering perception, recall, or emotional response. These findings provide valuable insights into cognitive behaviour, informing design strategies.

Actionable tips

1.

Create urgency with limited availability.

2.

Use scarcity ethically to avoid manipulation.

3.

Test scarcity effects on purchase behaviour.