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19th December 2016
02:48pm GMT

And let’s be honest: no one likes missing out. Community and social bonding underpin our most basic human instincts, which makes being left to pasture a bit of a bummer. Retailers have cleverly tapped into this deep-seated anxiety, playing on FoMo’s infamous sidekick – regret. You either nail that sale or go home empty-handed, tackle that trend or live with being ‘last season’.
Fashion Pheromones
Admittedly, nothing feels quite like bagging some swag: the rush of pheromones to the brain, the seeming validation of your fiscal prowess, the tales of heroic sale slaying, the parading of your retail kill. Equally, nothing feels quite like feeling special: opening a ‘Just for You!’ email from your favourite shop, being tagged in a ‘Lust List’ tweet, sneaking off to a private trunk-show – that’s enough to get the heart racing and the wallet lubricated, dontcha think?
Conditional phrases beginning with ‘only’ (‘only while stocks last’, ‘only today’, ‘only online’) cause shoppers to see a prospect in short supply – and act as a panic button to trigger a classic feeding frenzy. Moreover, the idea of being left in the fashion tundra flies in the face of our evolutionary competitive streak.
Fads, Fripperies And Foolish Mistakes
Credit and store card interest rates, next-day delivery surcharges: all of these conspire to exploit our animal instinct – the ‘must-have’ mentality that has our closets filled with fads, fripperies and foolish mistakes.
Our desire for immediacy and its attendant gratification is what has us in the notorious ‘wardrobe full of clothes and nothing to wear’ quandary. The more instant a reward, the less willing we are to postpone its delicious thrill. Psychologists refer to this as ‘bounded rationality’. In other words, we have self-control until such time as we really need it. It’s when faced with the object of our desires that the brain shifts into reward-seeking fifth gear to make sure we don’t miss out. But when the buzz wears off, we begin to see things a little differently. Was that pair of drop-crotch harem trousers worth the splurge? More to the point, are you willing to admit it or do you prefer to rationalise your dodgy decisions? #denial #guiltyascharged
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