Interesting write-up! I’m surprised you didn’t mention a key principle behind the Piggy Bank mechanic—the Endowment Effect—which plays a huge role in stashing systems. It’s the idea that players value something more once they feel ownership over it, making them more likely to engage with.
It's actually within the "Loss Aversion: Players feel a sense of ownership over the stored currency, increasing the likelihood of spending." -part, as I wanted to simplify this without going too much to buyer psychology / economics behavior. These latter mechanisms are something I'm later thinking opening more broadly, but let's see when that happens as I have ton of things on my queue :) There are also other perspectives to this like intrinsic vs. extrinsic, etc., but I've also covered some intrinsic side of things on my other articles quite a lot so left it out from this as well.
These are two distinct concepts: loss aversion (where a player is more motivated to avoid losing something) and the endowment effect (where we tend to value and engage more with what we already own). They might sound similar, but the underlying cognitive dynamics are quite different.
It’s all a bunch of theory, just wanted to point it out
Should have been more concise, that one point I've wrote includes both sides the ownership-engagement as well as loss aversion, because of simplification and due to combining things to shorter form, but are of course separate things. Anyhow, it's good it's in these comments for others to look into and get the background of that, that these are two different concepts as you said.
Interesting write-up! I’m surprised you didn’t mention a key principle behind the Piggy Bank mechanic—the Endowment Effect—which plays a huge role in stashing systems. It’s the idea that players value something more once they feel ownership over it, making them more likely to engage with.
It's actually within the "Loss Aversion: Players feel a sense of ownership over the stored currency, increasing the likelihood of spending." -part, as I wanted to simplify this without going too much to buyer psychology / economics behavior. These latter mechanisms are something I'm later thinking opening more broadly, but let's see when that happens as I have ton of things on my queue :) There are also other perspectives to this like intrinsic vs. extrinsic, etc., but I've also covered some intrinsic side of things on my other articles quite a lot so left it out from this as well.
These are two distinct concepts: loss aversion (where a player is more motivated to avoid losing something) and the endowment effect (where we tend to value and engage more with what we already own). They might sound similar, but the underlying cognitive dynamics are quite different.
It’s all a bunch of theory, just wanted to point it out
Should have been more concise, that one point I've wrote includes both sides the ownership-engagement as well as loss aversion, because of simplification and due to combining things to shorter form, but are of course separate things. Anyhow, it's good it's in these comments for others to look into and get the background of that, that these are two different concepts as you said.