Scarcity

People value things more when they're in limited supply

Meaning

Definition

While scarcity is typically invoked to encourage purchasing behaviors, it can also be used to increase quality by encouraging people to be more judicious with the actions they take. It can come in different forms: Time-limited, Quantity limited, Access-limited. Never fake scarcity if you don't want reactance!

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Scarcity – Cognitive Bias UX Principle