A friend of mine was complaining about having too many choices for lunch. Go to a salad bar, and you have to make ten decisions about the ingredients of your salad. Sure, you can get close to your perfect custom-made salad, but only at a significant cognitive/transaction cost.

Yet, we do not see many ‘Soviet’ salad bars offering only two or three pre-set choices. Instead we seem to see the opposite — increasing tendency towards more choices (Subway; a million different kinds of coffee).

I wonder if this is because people’s tastes in terms of salad are sufficiently different that any transaction cost savings of offering fewer choices are swamped by the dissatisfaction of getting something that’s too far away from your ideal preference?

by aaron. Permalink. Comments RSS.