The article explores the false consensus effect, a cognitive bias where individuals overestimate the extent to which their beliefs and behaviors are shared by others. This phenomenon can significantly influence consumer behavior and decision-making, highlighting the psychological factors that drive purchasing choices. Understanding this effect can lead to more effective marketing strategies and consumer insights.

The Ambiguity Effect explains how uncertainty influences consumer behavior, often leading individuals to prefer familiar options over unfamiliar ones, even if the latter may offer better outcomes. This psychological phenomenon plays a significant role in marketing strategies, guiding how products are presented to consumers to reduce perceived risks and enhance decision-making.