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BEHAVIORIAL
ECONOMICS
HAVE YOU EVER
PAID UPFRONT FOR A GYM MEMBERSHIP AND THEN NOT GONE?
BOUGHT A LOTTERY TICKET?
NOT TAKEN YOUR MEDICATION?
SMOKED TOBACCO?
NOT PAID OFF YOUR CREDIT CARD BILL?
GIVEN IN TO TEMPTATION?
IF YES

IF NO

YOU ARE A

YOU ARE A

HOMO SAPIENS

HOMO ECONOMICUS
DAN ARIELY CALLS US
BE BECOME MORE MAINSTREAM
WE ALL ENCOUNTER BE
EACH & EVERY DAY...
BE COMBINES
KEY BE PRINCIPLES MARKETERS
SHOULD THINK ABOUT
WHICH ONE PROBABLY TASTES BETTER?

IRRATIONAL
VALUE
ASSESSMENT

$5 bottle of wine

$45 bottle of wine
AND NOW?

IRRATIONAL
VALUE
ASSESSMENT
IRRATIONAL
VALUE
ASSESSMENT

SELF FULFULLING PROPHECY OF CHEAPER STUFF
WHICH WOULD YOU CHOOSE?

THE
POWER
OF FREE
Hershey Kisses
chocolate for 1 cent

Lindt Lindor chocolate
truffle for 15 cents
WHICH WOULD YOU CHOOSE NOW?

THE
POWER
OF FREE
Hershey Kisses
chocolate for 0 cents

Lindt Lindor chocolate
truffle for 14 cents
THE
POWER
OF FREE

WE JUST LOVE THE WORD FREE
WHERE ARE YOU MORE LIKELY TO STOP TO TASTE A JAM?

DECISION
PARALYSIS
6 varieties on display

24 varieties on display
WHERE ARE YOU MORE LIKELY TO BUY A JAM?

DECISION
PARALYSIS
6 varieties on display

10X MORE PURCHASES

24 varieties on display
DECISION
PARALYSIS

MORE CHOICE IS NOT WHAT WE WANT
WARNING:
YOU HAVE BEEN A PART OF
A SMALL BE EXPERIMENT
HEALTH HALO EFFECT
SO WHAT?
BE HELPS TO EXPLAIN
WHY WE SHOP & BUY THE THINGS THAT WE DO
WHAT INFLUENCES US IN OUR PURCHASING DECISIONS
HOW THESE AFFECT THE MARKET
HOW PEOPLE MAKE CHOICES
BE CAN HELP BRANDS

4P´s

FB post
BE CAN HELP BRANDS
DRIVE ENGAGEMENT
DRIVE CONSIDERATION
DRIVE CONVERSION
DRIVE RESPONSE
DRIVE LOYALTY
www.ogilvychange.com
THANK YOU.
Kamila Janečková
kamila.janeckova@ogilvy.com

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