- October 11, 2022
- October 13, 2022
Marketing Tips: How to Tell Good from Bad
We live from feeling to feeling Do you know how many decisions you make in a day? Including trivial ones, like blowing your nose or reading this article, for example. It is said to be about 35,000. Do you believe we can make such many decisions logically and rationally? Of course, not. It’s beyond our capacity. We make most (65%) of our daily decisions based on our emotions and biases. Making matters worse (for marketers to predict consumer behavior), we decide our daily actions seven seconds before we make up our minds according to John-Dylan Haynes, an eminent neuroscientist, as I wrote before. Behavioral economics to analyze and meet customer needs Nevertheless, in classical economics, people were defined as an economic man, who acts individually according to economic rationality. Apparently, the economic man was an imaginary creature like a unicorn. Thus, marketers were forced to fight a losing battle. However, […]