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I saw data at a company where adding a fake loading screen to a tech product increased conversion rate 5x - it made the product seem fancier.


That’s why TurboTax is 90% fancy loading bars breaking up work that takes milliseconds in total.


Ryan Buell and Michael Norton's work seems to touch on this, calling it "labor illusion": https://www.hbs.edu/faculty/Pages/item.aspx?num=40158

I don't have a copy of the full text.




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