With psychological strategies such as scarcity and intermittent reinforcement, Labubu has successfully created the attribute of “social currency”, and built a closed loop of consumption by accurately grasping consumer psychology. This phenomenon reveals how contemporary trendy toys use mental models such as loss aversion and social identity to stimulate consumption, and experts warn consumers to be rational to avoid unnecessary spending.
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The Successful Path to Decoding the Labubu Trendy Toy IP: How Social Currency Attributes Precisely Stimulate Consumer Psychology
With psychological strategies such as scarcity and intermittent reinforcement, Labubu has successfully created the attribute of “social currency”, and built a closed loop of consumption by accurately grasping consumer psychology. This phenomenon reveals how contemporary trendy toys use mental models such as loss aversion and social identity to stimulate consumption, and experts warn consumers to be rational to avoid unnecessary spending.