decoy effect

noun

decoy effect

noun
1

Business, Marketing The phenomenon whereby consumers will tend to have a specific change in preference between two options when also presented with a third option that is asymmetrically dominated: that is, the third option is inferior in all respects to one option, but, in comparison to the other, it is inferior in some respects and superior in others.

Related terms
decoy pricing

Entry derived from the Wiktionary, under licence CC BY-SA 4.0 — list of authors.