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How To Increase Customer Pain

28. November 2007

Big companies often find great ways to aggravate their customers, and cell phone giant Sprint proves the point. John Wall of the Ronin Marketing blog posted a rant about Sprint’s advertising for their Centro Palm smartphone, Screw Your Customers. Wall was understandably miffed when he found out that the $99 advertised price for the phone [...]

Turkey-Induced Trust?

21. November 2007

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Just in time for the annual Thanksgiving turkey overdose, MIT Technology Review has run Tryptophan, Turkey, and Trust by Emily Singer. Tryptophan is the enzyme abundant in turkey that has been shown to cause drowsiness. Many credit tryptophan for the postprandial coma holiday diners often: fall into. It is also a precursor to seratonin, an [...]

When Everyone is Above Average

6. November 2007

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Would you be limiting yourself if you targeted advertising only at those who were above average in whatever characteristic related to your product (say, intelligence, good looks, athletic ability, perserverance, etc.)? In a word, NO. Studies show that across a wide spectrum of measures, almost everyone considers themselves to be above average. In the neuroeconomics [...]

Penalty Pain: How to Make Your Customers Hate You

5. November 2007

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Neuromarketing readers are by now familiar with the idea of “buying pain” or “pain of paying” – when we buy something, the pain center in our brain can be activated. Work by Carnegie Mellon’s George Loewenstein and others shows that this effect is greatest when the price is perceived to be high or unfair. Buying [...]

Trend: Neuroscience Infiltrates Society

2. November 2007

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As we understand more about the workings of the brain, neuroscience is starting to impact diverse areas of society. Over time, it will probably touch many more. This has been acknowledged by the Neurotechnology Industry Organization in their Top 10 Neuroscience Trends of 2007. While the news release doesn’t specifically mention neuromarketing, it does cite [...]

Why Percentages Don’t Add Up

29. October 2007

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Which is scarier – undergoing a potentially fatal surgical procedure that has a 95% survival rate, or one that causes death in 1 out of 20 patients? If you are like most people, you would find the latter statistic far more worrisome, even though mathematically the two statements are the same. A variety of research [...]

Smiles Really DO Boost Sales

26. October 2007

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What’s the first thing a manager teaches a new retail or food service employee? Maybe “Don’t steal the cash!” is first, but right after that is, “Smile at the customer!” It turns out that this is probably even better advice than one might think. Continuing our exploration of subliminal stimuli and their effects on behavior, [...]

Careers in Neuromarketing

26. October 2007

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Science Magazine has blessed neuromarketing and neuroeconomics by citing them as “interesting niche areas” in neuroscience research. Emma Hitt’s article notes, “The subject areas that qualify as neuroscience are as far-reaching and as interconnected as neurons themselves. Consequently, neuroscientists often work on questions that span several distinct subfields. Many neuroscience programs are interdepartmental and take [...]

Emotional Design

22. October 2007

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At a conference presentation last week (see Neuromarketing in Montreal), I made the point that the most important frontier for neuromarketers may be product design. Why struggle to make ads more appealing when you could be making the product itself more appealing by tapping into the consumer’s true feelings and reactions? According to a WIRED.com [...]

Ignore Your Brain and Get Rich

19. October 2007

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The subtitle of Your Money & Your Brain by Jason Zweig (Simon & Schuster, 340pp) is How The New Science of Neuroeconomics Can Make You Rich. No doubt the publishers needed to spice up the cover a bit, because the book might have been better subtitled, “How to stop your brain from screwing up a [...]

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Archive | Neuroeconomics RSS feed for this section

How To Increase Customer Pain

Turkey-Induced Trust?

When Everyone is Above Average

Penalty Pain: How to Make Your Customers Hate You

Trend: Neuroscience Infiltrates Society

Why Percentages Don’t Add Up

Smiles Really DO Boost Sales

Careers in Neuromarketing

Emotional Design

Ignore Your Brain and Get Rich

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