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I spend 18 hours each week turning marketing psychology into readable newsletters.
"I'm A Student Here Too" Read online In 1994¹, researchers asked 100s of college students for charitable donations. All were told to interrupt the students and solicit a donation. But there was a twist. Half were told to make a straightforward request, with no extra commentary. Half were told to emphasise a shared identity, saying "I'm a student here too". The results were astonishing. Only 9.8% of students in the control group made a donation. While 47.1% donated in the variant group, a 3x...
The Veblen Effect Read online In 2008¹, researchers in California conducted brain scans on wine drinkers. They measured the area of the brain responsible for encoding pleasure. All participants were given an identical glass of wine. However, some were told the wine cost $10. Others were told the wine costs $90. When the participants believed they were drinking an expensive wine, they experienced more pleasure. Taken from the 2008 paper¹ But no one actually drinks wine in a brain scanner. So,...
Effort Boosts Value Read online Last Wednesday, I walked 60.7km to talk at Creator Day 25. I only had one pair of shoes. It took me 12 hours. 3,818 calories. 2 Greggs sausage rolls. And 6 nasty blisters. My day started at sunrise and didn't finish until 6:49 pm. I got through four pairs of socks, got lost twice, and almost gave up. So, why? Why did I do it Effort boosts your enjoyment. I knew the more effort I put in, the more I'd value the talk. That's the IKEA Effect¹. So, I decided, rather...