SlideShare a Scribd company logo
1 of 43
Download to read offline
On Alchemy
!2
Maps & models
   Over time, and with overuse, the failings of
models may become more important than their
strengths.
!3
The doorman illusion
An automatic door does not replace a doorman
4
5
TWO MODELS OF ADVERTISING.



Ed Sheeran
The science of

knowing what
economists are 

wrong about.
lies in taking the human
perspective, not the
spreadsheet perspective.
The value of the Marketing Mindset
15
£60 billion,10 years
Or £2,500,000 and six months.
!19
Why....
….were rising house prices
always
A "good news" story?
Even maths is contextual.
£100


Heads, win 50%

Tails, lose 40%
£100


Heads, win 50%

Tails, lose 40%
£100


Heads, win 50%

Tails, lose 40%
£100


Heads, win 50%

Tails, lose 40%
From the work of Ole Peters & Alex Adamiou, London
Mathematical Laboratory
One bet, four people
£150
H
£60
T
£150
H
£60
T
Starting with £100 each, rises to £420
Two bets, four people
£225
HH
£90
HT
£90
TH
£36
TT
Starting with £100 each, rises to £441
© From the blog of Lars P Syll
1 × 7 ≠ 7 × 1



2x2x2x2x2x2 > 3x1x3x1x1x3
!26
!27
6 months
and
counting.
30
!40
McGurkFilm
“There is no sensible distinction
to be made in a restaurant
between the value created by
the man who cooks the food
and the value created by the
man who sweeps the floor.”
Nationalökonomie: Theorie des Handelns und Wirtschaftens – Ludwig von Mises
If you have a creative suggestion,
you have to present it to rational

 people for approval.



Note, this rule never applies

 the other way round.
Thank you:
@rorysutherland
@ogilvyconsulting

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