Which psychological technique is commonly used in performing arts ticket packaging to increase perceived value without significantly raising production costs?

In the performing arts, successful productions rely not just on talent but on sophisticated marketing strategies and consumer psychology. Theaters and performance venues have developed unique approaches to packaging their offerings to attract audiences, build loyalty, and create memorable experiences. This poll tests your knowledge of how consumer psychology influences marketing in the performing arts industry.

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Price anchoring through 'premium seating' options that make standard tickets seem more reasonable by comparison
The scarcity principle by artificially limiting all ticket availability regardless of actual demand
The endowment effect by allowing customers to physically hold tickets before purchase
Loss aversion by offering full refunds on all ticket purchases regardless of cancellation timing