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Decoy effectvsAnchoring

The short answer

Both use a reference point, but anchoring plants a number and drags your estimate toward it, while the decoy plants a whole option and steers which item you pick. Anchoring works with a single irrelevant figure; the decoy needs at least three options and a specific dominance geometry between them.

Side by side

AspectDecoy effectAnchoring
PlantsAn optionA number
Needs3+ options1 figure
ChangesWhich you pickYour estimate
DefenceCross out the dead optionPre-commit a figure

Which one you meant

Readers who land here meaning Decoy Effect rather than Anchoring are usually searching for phrases like “why is there always a useless middle option”, “decoy effect pricing explained”, “how do three tier plans manipulate me”.

Decoy Effect

  • why is there always a useless middle option
  • decoy effect pricing explained
  • how do three tier plans manipulate me
  • why did I pick the expensive one

Read either one in full