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The Art of Thinking: Understanding the Differences between Fast and Slow Thinking
In life, there are times when we need to act quickly without thinking and other times when it’s best to take a step back and consider our options. The distinction between fast and slow thinking can...
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The Generation Effect: Understanding How People Remember Information
The “generation effect” is a well-known phenomenon in psychology that states that information is more likely to be remembered when it is associated with a specific generation. This means that...
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The Power of Zero Prices: A Case Study of the "Scary Clown Night" Campaign by Burger King
The “Scary Clown Night” campaign by Burger King in 2017 serves as a prime example of the power of zero prices in driving customer engagement and sales. During Halloween, customers who visited...
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Penetration Pricing, Anchor, and Brand Promise: Strategies for Effective Pricing
When entering a new market, some companies aim to gain market share by offering their products or services at low prices. This approach has a logical basis, as the cost of advertising and acquiring customers...
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The Importance of Understanding Customer Needs in Service Design: Lessons from the "Triangle of Sadness" Movie"
As a service design manager, it is crucial to understand and cater to the needs of customers. The traditional marketing mix of price, product, place, and promotion has evolved to include the importance...
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Why attractive models are not really attractive to brands
Why attractive models are not really attractive to brands? Dove found a cultural tension in society. So they used this tension to their advantage. They solved this challenge with the big ideal framework;...
nsdr
Dr. Andrew Huberman, a neuroscience professor at Stanford university create the term NSDR which means “non-sleep deep rest” which is a state in that people direct their minds to calm and focus....
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Salience
Are illegible Arsenal shirts considered salience? In behavioral economics, we see usually red/gold/black or bold texts as a salience sample. I think the all-white kit of Arsenal could be a good example...