Beibo's law introduction Psychology Speech Presentation

Bebo's Law Introduction
Name
Institution
Bebo's law suggests that when humans experience a stimulation, giving becomes negligible after the stimulus. The theory establishes that even a trivial change will have a lot of significance when you have a clear picture of something. Provided that a person can establish something's real value, an insignificant change would not affect its consumption. People tend to adapt gradually to things they perceive as primarily significant even when their costs are increased.
For instance, It is common in our daily lives that when the cost of buying a necessity such as a house is hiked, people can pay comfortably due to its value. However, when the price of coffee is hiked, people might stop buying it. Moreover, businesses use Beibo's law to lure buyers into purchasing inflated products. ...