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Using Behavioral Economics to Boost Conversions
by
Alan Brande
https://lightit.io/blog/behavioral-economics-for-ux-conversions-scarcity/
I cannot emphasize enough how effective these kinds of techniques are. There's a reason that checkout flows and product searches gravitate towards having these.
Trust is a big part of this - if you have a countdown timer on a deal, consumers are chill if it's counting down towards a real expiration time. If they realize that you always start a 1 hour countdown timer no matter what, they're gonna bounce and never come back. Penny wise and pound foolish.