Diderot Effect|#finance #financialeducatio #invest #financetips#business #rich #entrepreneur #money

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Diderot Effect|#finance #financialeducatio #invest #financetips #business #rich #entrepreneur #money

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LearnwithDhanraj

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24 Views • Mar 21, 2023 • Click to toggle off description

The Diderot Effect refers to the phenomenon where the introduction of a new possession into a person's life can lead to a spiral of consumption, where the person feels compelled to acquire other new possessions to complement or match the original possession. This effect was named after Denis Diderot, an 18th-century French philosopher who described his experience of acquiring a new robe, which led to a series of purchases to upgrade his lifestyle to match the new status symbol.

The Diderot Effect is often seen in consumer behavior, where the purchase of a new item can trigger a desire for more purchases to match or enhance the original purchase. This can lead to a cycle of consumption where the consumer is never satisfied with their possessions and constantly seeks out new ones. The effect is particularly strong when the new possession is perceived as a symbol of status or identity.

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Views : 24
Genre: People & Blogs
License: Standard YouTube License
Uploaded At Mar 21, 2023 ^^

warning: returnyoutubedislikes may not be accurate, this is just an estiment ehe :3
Rating : 5 (0/2 LTDR)

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User score: 100.00- Masterpiece Video

RYD date created : 2023-03-21T14:01:44.132379Z
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