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Neuromarketing and Neuroeconomics Roundup

Neuromarketing and Neuroeconomics Roundup

[photopress:neuro_posts.gif,thumb,alignleft]The nearly simultaneous release of a neuromarketing article, Brain Sells, in TIME Europe, and a neuroeconomics article, Mind Games, in the New Yorker, has generated a considerable amount of blog activity. (See our commentary, TIME Europe Bullish on Neuromarketing and Mind Games: New Yorker on Neuroeconomics.) Much of this activity has been from bloggers other [...]

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Neuromarketing vs. Neuroeconomics

Neuromarketing vs. Neuroeconomics

The recent article, Brain Sells, in the Europe edition of TIME, comments that neuromarketing is “essentially a subgenre of another emerging discipline, neuroeconomics. ” When I scanned that line the first time, I saw a fair amount of truth in that. After all, neuroeconomics covers the general field of the neuroscience of decision-making, while neuromarketing [...]

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Mind Games: New Yorker on Neuroeconomics

Mind Games: New Yorker on Neuroeconomics

John Cassidy of the New Yorker has penned an article on neuroeconomics that surely is one of the finest to date. To the extent that any magazine article about a rapidly evolving topic can be a classic, Mind Games – What neuroeconomics tells us about money and the brain is sure to become one. Running [...]

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Marketing to the Teen Brain

Marketing to the Teen Brain

Any parent whose kids have reached teenage years can tell you that teens think differently than adults. Now, neuroscientists are finding just how differently the teen brain works. Of particular interest to those involved in neuromarketing and neuroeconomics is that the areas of the brain used to make decisions differ between teens and adults. From [...]

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Forbes on Neuroeconomics

Forbes on Neuroeconomics

A few years ago, Forbes drew considerable attention to the field of neuromarketing with their landmark article, In Search of the Buy Button – now one of our “neuromarketing classics”. An article published earlier this year, This Is Your Brain On Money, isn’t quite as extensive, but is still an indication of the continued interest [...]

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Why Negative Ads Work: Framing, Emotions, and Irrational Decisions

Why Negative Ads Work: Framing, Emotions, and Irrational Decisions

It’s no great surprise to marketers, or even most semi-aware humans, that people often make decisions based more on emotion than on rational processing of information. Oddly, for decades economists ignored this apparent truth, assuming that business managers strove for maximum profits, buyers and sellers slid smoothly along supply and demand curves until they intersected, [...]

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USA Today Highlights Neuroeconomics

USA Today Highlights Neuroeconomics

One of the most relevant and potentially fruitful areas for marketers hoping to employ neuroscience as one weapon in their arsenal is neuroeconomics – in essence, the neuroscience of decision making. Neuroeconomics seems to be more focused and more accepted than the embryonic field of neuromarketing; the latter field, of course, will benefit directly from [...]

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Neuromarketing Meets Taguchi?

Neuromarketing Meets Taguchi?

You never know who you’ll run into at a trade show. I stopped by Ad:Tech Chicago earlier this week, and in the exhibit hall reception spotted Bob Cringely, PC industry pundit extraordinaire. I’d met him briefly at a previous WebmasterWorld Pubcon, and ambled over to say hello. I found that Cringely wasn’t wearing one of [...]

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Irrational Investing, Rational Marketing

Irrational Investing, Rational Marketing

What’s the difference between (1) investing in the common stock of a public company or (2) buying an expensive perfume or men’s fragrance? The answer seems simple… a financial investment is a decision based on a cold, rational analysis of the prospects for the firm and the expected increase in the value of the shares, [...]

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Decision Making, Risk, and Reward

Decision Making, Risk, and Reward

[photopress:winner.jpg,full,alignleft]In Scientists Identify Brain Region Responsible for Calculating Risk versus Reward, Scientific American reports on new research shedding more light on the neuroscience of decision making. Nathaniel Daw and John O’Doherty of University College London and their colleagues employed slot machines and functional magnetic resonance imaging (fMRI) to investigate how 14 healthy subjects decided between [...]

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