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Less–is–better effect
Description
A type of preference reversal that occurs when the lesser or smaller alternative of a proposition is preferred when evaluated separately, but not evaluated together.
Less–is–better effect in business decision
A company offering a high-quality product with fewer features might be perceived more favorably than a product with many features, some of which are poorly implemented, when customers evaluate them for specific needs.
Less–is–better effect in personal life decision
You feel more satisfied receiving a high-quality small gift than a larger but lower-quality one.