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When we are presented with too many options we have difficulty in deciding what is best, at the same time when we are only presented with a few options we complain about how little options we have available.
Psychological studies have shown people value choice as it activates regions in the brain (the striatum) which is associated with motivation and reward.
As a result, data on more popular destinations may be more reliable than others.
Travelex makes no claims, and bears no liability, in respect of the accuracy or suitability of any of the information supplied to any particular traveler, and the suggested figures are for guidance only.
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I will refer them to anyone I know who will be traveling abroad.
Also by keeping choices opened, it prevents loss aversion (tendency for people to prefer avoiding losses than acquiring gains).
In the example of the ‘Door Game’, participants were firstly asked to select one of three doors which corresponds to different rooms.
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