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Understanding how we as humans make decisions is an important part of marketing. Behavioral economics is the study of decision making and can give keen insight into buyer behavior and help to shape your marketing mix. Marketers can tap into Behavioral Economics to create environments that nudge people towards their products and services, to conduct better market research and analyze their marketing mix.
Episodes
Monday Apr 22, 2024
Monday Apr 22, 2024
In this special episode of the behavioral economics in marketing podcast, we challenge our human nature to rely solely on perceptions and knee-jerk reactions, both in marketing strategies and interpersonal relationships, by flipping the script on the availability heuristic. As George Harrison once sang in "Got My Mind Set on You," "It's gonna take time, a whole lot of precious time," highlighting the essence of patience and persistence required to transform perceptions and reshape narratives. Just as Harrison urged perseverance in matters of the heart, so too do we confront biases and preconceptions to create more accurate and meaningful connections in the worlds of marketing and personal interactions. Through proactive steps and unwavering dedication, we unravel the power of flipping the script, unlocking new possibilities and fostering deeper understanding and trust. Join us as we navigate the complexities of perception, challenging conventions, and embracing the transformative potential within each of us.
Behavioral Economics in Marketing Podcast | Understanding how we as humans make decisions is an important part of marketing. Behavioral economics is the study of decision-making and can give keen insight into buyer behavior and help to shape your marketing mix. Marketers can tap into Behavioral Economics to create environments that nudge people towards their products and services, to conduct better market research and analyze their marketing mix.
Sandra Thomas-Comenole | Host | Marketing professional with over 15 years of experience leading marketing and sales teams and a rigorously quantitative Master’s degree in economics from Rensselaer Polytechnic Institute. Check out her Linkedin profile here: Sandra Thomas-Comenole, Head of Marketing, Travel & Tourism
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