SlideShare a Scribd company logo
Howard Moskowitz Moskowitz Jacobs, Inc. MIND GENOMICS: New continents of the mind 1
Mind Genomics - Manifesto We were cautioned by Voltaire’s Candide  :Tend to your own garden... Let others tend to theirs. Mine may have flowers, they may have cabbage; both are beautiful. Today we stand at the threshold of new lands, continents of the mind…we must explore them ..for the time is now Here is one set of explorations Economics Emotions Mental constructs
Topics covered  What is the goal? Making it happen What we expect the results to tell us and why What does each element contribute Mind sets Finding mind-sets Implications for science & business 3
Is this the first time we’ve done it? ,[object Object]
People, preferences, prices: Sequencing the genome of the consumer’s mind (Galanter, Moskowitz & Silcher, Feb, 2011)
Premium by design: How to understand, design and market High End products (Bevolo, Gofman & Moskowitz, Feb. 2011)
Mind Genomics: The newnovumorganum (Moskowitz, Silcher & Galanter, volumes 6a-6d)4
Three books detailing Mind Genomics 5
Three experiments in Mind Genomics ,[object Object],6
7 Mind Genomics Experiment #1snacks - sensory economics of the eating experience
Economics – The goal ,[object Object]
Why – because people are always talking about how important is appearance, or  smell or taste or texture
Does that importance manifest itself  in data?
When we do this – we may end up founding a new science – sensory economics (division of psychological economics)8
Economics: Making it happen Don’t reinvent the wheel Use experimental design … conjoint measurement Mix & match ideas Get responses Estimate contribute Difference – select dollar as rating 9
Here are some elementsFull set of 36 10
Example of concept w/scales 11
Orienting the respondent 12
Economics: What we expect the results to tell us & why Systematically vary the elements in the test concepts Get ratings of interest Get ratings of $$ (price willing to pay) Create ‘models’ for each respondent Relate our 36 elements to interest, prices Overall, and then by element, and then segment 13
Economics: The dollar value of liking Is there any relation between how much a person likes .. and amount willing to pay Relate Amount to Liking Amount = a + b(Liking) What’s the slope Is everyone the same 14
The hedonic slopeQuestions .. Who, For what Not hedonist       Hedonists 15
Slope differs by groupSome say they’ll pay more/unit liking 16
Economics  – Dollar value of an element Relate presence/absence of each element to interest and to dollars willing to pay How…dummy variable regression Result  1 …how each element drives $$ Result 2 … how each element drives interest 17
Dollar value & InterestEstimated via dummy-variable regression 18
Economics: Mind-setsDifferent strokes for different folks 19
Economics: Finding mind-setsThey don’t come with forehead identifiers 20
Economics: 50%-60% assigned correctly 21
Economics: Implications for science, business New vista… inductive rather than deductive science Learn from patterns of responses..not from hypothesis tests.. There’s a powerful combination of elements and rating questions .. Leading to new databases Practical application ….segmentation and  typing tools for product design & marketing More elaboration & many experiments.. in the new multi-volume book on the science of the everyday: Mind Genomics: The New Novum Organum 22
23 Mind genomics Experiment # 2Healthy fine dining -- Beyond economics to emotions
Emotions: Making it happen Our goal – deeper understand of ‘dining’ What are the emotions What elements ‘drive’ the emotions Group differences Approach is similar Experimental design of ideas   test concepts Select  a price, select an emotion Link element & emotion 24
Emotions: Elements (1 of 2)Mind Genomics lives in granular here & now
Emotions: Elements (2 of 2)
Emotions: Orienting respondentsOrientation always required
Emotions: Select price
Emotions: Select emotion 29
Emotions: What will they pay
Emotions: selecting feeling/emotion 31
Emotions: Linking to elements ,[object Object]
Create seven new variables
One per feeling/emotion
When selected, put in ‘’100’,’ else ‘0’
Uncover linkage using OLS regression
Relate presence/absence of each element to the 0/100 value of an emotion
Number shows % of time in 4-element  vignette that feeling/emotion selected when element is present32
Emotions: What links to intimidated? 33
Emotions: The strong links 34
Price-based Mind-set segments Divide (segment) based upon the relative price a person will pay Same approach as segmenting on interest Just change the variable (now it’s relative price) Uncovered three mind-sets  Based on what they will pay Revealing different emotion linkages 35

More Related Content

Similar to Chicago.Mind Genomics.May.2011

Icsb 2010 neuroentrepreneurship
Icsb 2010   neuroentrepreneurshipIcsb 2010   neuroentrepreneurship
Icsb 2010 neuroentrepreneurship
Norris Krueger
 
Thinking
ThinkingThinking
Creativity in management
Creativity in managementCreativity in management
Creativity in management
Babasab Patil
 
[Behav. sci]thinking by SIMS Lahore
[Behav. sci]thinking by SIMS Lahore[Behav. sci]thinking by SIMS Lahore
[Behav. sci]thinking by SIMS Lahore
Muhammad Ahmad
 
Introduction to Design thinking 2015 by Vedran Antoljak
Introduction to Design thinking 2015 by Vedran AntoljakIntroduction to Design thinking 2015 by Vedran Antoljak
Introduction to Design thinking 2015 by Vedran Antoljak
Vedran Antoljak
 
Marketing Research Ch04
Marketing Research Ch04Marketing Research Ch04
Marketing Research Ch04
guestf8364c
 
Truth & Lies About Why We Buy Has The Future Of Market Research Arrived
Truth & Lies About Why We Buy   Has The Future Of Market Research ArrivedTruth & Lies About Why We Buy   Has The Future Of Market Research Arrived
Truth & Lies About Why We Buy Has The Future Of Market Research Arrived
DennisDevlin
 
Research Design
Research DesignResearch Design
Research Design
Emily Jones
 
PSY 150 403 Chapter 9 SLIDES
PSY 150 403 Chapter 9 SLIDESPSY 150 403 Chapter 9 SLIDES
PSY 150 403 Chapter 9 SLIDES
kimappel
 
Kotler_MM_06_ippt.pptx
Kotler_MM_06_ippt.pptxKotler_MM_06_ippt.pptx
Kotler_MM_06_ippt.pptx
ShershahAdnan
 
ldavis-bloomspresentation-110619220714-phpapp02.pdf
ldavis-bloomspresentation-110619220714-phpapp02.pdfldavis-bloomspresentation-110619220714-phpapp02.pdf
ldavis-bloomspresentation-110619220714-phpapp02.pdf
johnechono1
 
Synectics and application on ELT
Synectics and application on ELTSynectics and application on ELT
Synectics and application on ELT
Muzaffer Çetin
 
Importance of Consumer Behavior
Importance of Consumer BehaviorImportance of Consumer Behavior
Importance of Consumer Behavior
MD SALMAN ANJUM
 
2010 nyu1pdf
2010 nyu1pdf2010 nyu1pdf
2010 nyu1pdf
Norris Krueger
 
Thinking presentation
Thinking presentationThinking presentation
Thinking presentation
mvainio
 
What I Learned From This Video
What I Learned From This VideoWhat I Learned From This Video
What I Learned From This Video
Jessica Finson
 
Introduction+to+research
Introduction+to+researchIntroduction+to+research
Introduction+to+research
Maya Ninova, Ph.D
 
Ch9
Ch9Ch9
Psy 101 lec4
Psy 101 lec4Psy 101 lec4
Psy 101 lec4
Dara Corporates
 
Creativity Techniques in Game Design
Creativity Techniques in Game DesignCreativity Techniques in Game Design
Creativity Techniques in Game Design
aakoo
 

Similar to Chicago.Mind Genomics.May.2011 (20)

Icsb 2010 neuroentrepreneurship
Icsb 2010   neuroentrepreneurshipIcsb 2010   neuroentrepreneurship
Icsb 2010 neuroentrepreneurship
 
Thinking
ThinkingThinking
Thinking
 
Creativity in management
Creativity in managementCreativity in management
Creativity in management
 
[Behav. sci]thinking by SIMS Lahore
[Behav. sci]thinking by SIMS Lahore[Behav. sci]thinking by SIMS Lahore
[Behav. sci]thinking by SIMS Lahore
 
Introduction to Design thinking 2015 by Vedran Antoljak
Introduction to Design thinking 2015 by Vedran AntoljakIntroduction to Design thinking 2015 by Vedran Antoljak
Introduction to Design thinking 2015 by Vedran Antoljak
 
Marketing Research Ch04
Marketing Research Ch04Marketing Research Ch04
Marketing Research Ch04
 
Truth & Lies About Why We Buy Has The Future Of Market Research Arrived
Truth & Lies About Why We Buy   Has The Future Of Market Research ArrivedTruth & Lies About Why We Buy   Has The Future Of Market Research Arrived
Truth & Lies About Why We Buy Has The Future Of Market Research Arrived
 
Research Design
Research DesignResearch Design
Research Design
 
PSY 150 403 Chapter 9 SLIDES
PSY 150 403 Chapter 9 SLIDESPSY 150 403 Chapter 9 SLIDES
PSY 150 403 Chapter 9 SLIDES
 
Kotler_MM_06_ippt.pptx
Kotler_MM_06_ippt.pptxKotler_MM_06_ippt.pptx
Kotler_MM_06_ippt.pptx
 
ldavis-bloomspresentation-110619220714-phpapp02.pdf
ldavis-bloomspresentation-110619220714-phpapp02.pdfldavis-bloomspresentation-110619220714-phpapp02.pdf
ldavis-bloomspresentation-110619220714-phpapp02.pdf
 
Synectics and application on ELT
Synectics and application on ELTSynectics and application on ELT
Synectics and application on ELT
 
Importance of Consumer Behavior
Importance of Consumer BehaviorImportance of Consumer Behavior
Importance of Consumer Behavior
 
2010 nyu1pdf
2010 nyu1pdf2010 nyu1pdf
2010 nyu1pdf
 
Thinking presentation
Thinking presentationThinking presentation
Thinking presentation
 
What I Learned From This Video
What I Learned From This VideoWhat I Learned From This Video
What I Learned From This Video
 
Introduction+to+research
Introduction+to+researchIntroduction+to+research
Introduction+to+research
 
Ch9
Ch9Ch9
Ch9
 
Psy 101 lec4
Psy 101 lec4Psy 101 lec4
Psy 101 lec4
 
Creativity Techniques in Game Design
Creativity Techniques in Game DesignCreativity Techniques in Game Design
Creativity Techniques in Game Design
 

Chicago.Mind Genomics.May.2011