• Episode 0025 Taps & Sinks

  • Sep 16 2024
  • Length: 51 mins
  • Podcast

Episode 0025 Taps & Sinks

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  • Summary

  • Now that we know our community enjoys learning about mental health and the psychology behind consumer behavior, we decided to nerd out a little bit and talk about a popular economic concept called "Taps and Sinks" (also known as "Faucets and Sinks") – which has nothing to do with the stuff you buy at Home Depot. The type of Taps & Sinks we are talking about in this episode refers to mechanisms for adding or removing resources from an economic system in order to get your customers to behave a specific way.

    But don’t worry, we left all the complex math and Game Theory at home. This is a discussion on Taps & Sinks that is approachable and explained in a way that you can apply in your own business as soon as tomorrow. Sound too good to be true? Listen for yourself!

    Special thanks to Indicium LLC for editing this episode!
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