- Dr. Bjorn Persson completed his PhD in cognitive neuroscience at the University of St Andrews studying memory processes and now works at Durham University Business School researching consumer behavior and decision-making.
- The document discusses four common assumptions made in marketing about neuroscience that are sometimes myths and sometimes truths, providing evidence and sources to evaluate each assumption. It also provides tips for critically evaluating claims made about neuroscience and marketing.
Cognitive Biases and Effects You Should Know AboutKevlin Henney
Presented at NDC 2011 in Oslo (8th June 2011)
Video available at http://www.everytalk.tv/talks/678-NDC-Cognitive-Biases-and-Effects-You-Should-Know-About
In software development, developers, architects and managers often like to think of themselves as rational and clear thinking, not prone to the chaotic and contradictory thinking they see at home, in politics or in the world of business. Although it is possible to get further from the truth than this, it is not likely.
Those involved in software development are just as human as people in other walks of life, and are just as subject to the cognitive biases and effects that skew, truncate and bypass clear thinking. The effects on rationality affect everything from testing to estimation, from programming to project delivery. It is easier to see and react to these effects in yourself and others when you know what some of them are.
Cognitive Biases and Effects You Should Know AboutKevlin Henney
Presented at NDC 2011 in Oslo (8th June 2011)
Video available at http://www.everytalk.tv/talks/678-NDC-Cognitive-Biases-and-Effects-You-Should-Know-About
In software development, developers, architects and managers often like to think of themselves as rational and clear thinking, not prone to the chaotic and contradictory thinking they see at home, in politics or in the world of business. Although it is possible to get further from the truth than this, it is not likely.
Those involved in software development are just as human as people in other walks of life, and are just as subject to the cognitive biases and effects that skew, truncate and bypass clear thinking. The effects on rationality affect everything from testing to estimation, from programming to project delivery. It is easier to see and react to these effects in yourself and others when you know what some of them are.
My latest Communicate magazine piece "The future of communications is inherently a psychological and more mindful process. For business, developing engaging content is a psychological process, writes Hubert Grealish" ___ (get discounted iPad edition at http://lnkd.in/d4-c7tV)
__
#websummit #startup #dublin #techbiz #business #communicate #neuromarketing #marketing
Studies, research papers, & other interesting tid bitsBrian Russell
Over the past 2 years I've done a considerable amount of research in the realms of behavioral, cognitive, and social, psychology, as well as product psychology and the psychology of music, and cognitive neuroscience. Many of the studies and research papers I've aggregated have profound business and consumer implications.
Leveraging Psychology in Digital MarketingMohamed Mahdy
Marketers are constantly seeking to engage with their buyers and drive actions that help buyers move rapidly through their customer lifecycle. They do this by analyzing buyer behaviors and working to get into the mind of their target audience. Kath Pay, Marketing Director at cloud.IQ, clearly illustrates the strong intersection between modern marketing and psychology.
ebook to learn about:
The different types of consumer psychology principles
How to incorporate those principles into your marketing programs
How consumer psychology principles can assist your customer in their journey
How marketers benefit from facilitating successful conversations
You will learn:
-The different types of consumer psychology principles
-How to incorporate those principles into your marketing programs
How consumer psychology principles can assist your customer in their journey
-How marketers benefit from facilitating successful conversations
By Marketo
In recent decades, psychologists and economists have cataloged the ways in which human behavior deviates
from economic theory.1 They have done this mostly through experiments and observation. Daniel Kahneman
and Amos Tversky, psychologists who formalized this research, showed that individuals use heuristics, or rules
of thumb, to make their judgments. These heuristics lead to biases when compared to normative economic
behavior.2 For example, people generally place too much weight on information that is available to their minds,
often associated with an event that is vivid or recent, and overestimate the probability of a similar event
occurring again.
Applications of Behavioural Economics to consumer insightErica van Lieven
Shown at the AMSRS National Conference 2013 this presentation on Behavioural economics by Ben Wright highlights the very interesting findings from a small exploratory study that could serve as the basis to the beginnings of a revolutionary measure in the market research industry.
Why incompetent people think they're amazing Alicia Garcia
How good are you with money? What about reading people’s emotions? How healthy are you, compared to other people you know? Knowing how our skills stack up against others is useful in many ways. But psychological research suggests that we’re not very good at evaluating ourselves accurately. In fact, we frequently overestimate our own abilities. David Dunning describes the Dunning-Kruger effect.
Professional air quality monitoring systems provide immediate, on-site data for analysis, compliance, and decision-making.
Monitor common gases, weather parameters, particulates.
My latest Communicate magazine piece "The future of communications is inherently a psychological and more mindful process. For business, developing engaging content is a psychological process, writes Hubert Grealish" ___ (get discounted iPad edition at http://lnkd.in/d4-c7tV)
__
#websummit #startup #dublin #techbiz #business #communicate #neuromarketing #marketing
Studies, research papers, & other interesting tid bitsBrian Russell
Over the past 2 years I've done a considerable amount of research in the realms of behavioral, cognitive, and social, psychology, as well as product psychology and the psychology of music, and cognitive neuroscience. Many of the studies and research papers I've aggregated have profound business and consumer implications.
Leveraging Psychology in Digital MarketingMohamed Mahdy
Marketers are constantly seeking to engage with their buyers and drive actions that help buyers move rapidly through their customer lifecycle. They do this by analyzing buyer behaviors and working to get into the mind of their target audience. Kath Pay, Marketing Director at cloud.IQ, clearly illustrates the strong intersection between modern marketing and psychology.
ebook to learn about:
The different types of consumer psychology principles
How to incorporate those principles into your marketing programs
How consumer psychology principles can assist your customer in their journey
How marketers benefit from facilitating successful conversations
You will learn:
-The different types of consumer psychology principles
-How to incorporate those principles into your marketing programs
How consumer psychology principles can assist your customer in their journey
-How marketers benefit from facilitating successful conversations
By Marketo
In recent decades, psychologists and economists have cataloged the ways in which human behavior deviates
from economic theory.1 They have done this mostly through experiments and observation. Daniel Kahneman
and Amos Tversky, psychologists who formalized this research, showed that individuals use heuristics, or rules
of thumb, to make their judgments. These heuristics lead to biases when compared to normative economic
behavior.2 For example, people generally place too much weight on information that is available to their minds,
often associated with an event that is vivid or recent, and overestimate the probability of a similar event
occurring again.
Applications of Behavioural Economics to consumer insightErica van Lieven
Shown at the AMSRS National Conference 2013 this presentation on Behavioural economics by Ben Wright highlights the very interesting findings from a small exploratory study that could serve as the basis to the beginnings of a revolutionary measure in the market research industry.
Why incompetent people think they're amazing Alicia Garcia
How good are you with money? What about reading people’s emotions? How healthy are you, compared to other people you know? Knowing how our skills stack up against others is useful in many ways. But psychological research suggests that we’re not very good at evaluating ourselves accurately. In fact, we frequently overestimate our own abilities. David Dunning describes the Dunning-Kruger effect.
Similar to Fact and Fiction: The Use of Neuroscience in Marketing (20)
Professional air quality monitoring systems provide immediate, on-site data for analysis, compliance, and decision-making.
Monitor common gases, weather parameters, particulates.
(May 29th, 2024) Advancements in Intravital Microscopy- Insights for Preclini...Scintica Instrumentation
Intravital microscopy (IVM) is a powerful tool utilized to study cellular behavior over time and space in vivo. Much of our understanding of cell biology has been accomplished using various in vitro and ex vivo methods; however, these studies do not necessarily reflect the natural dynamics of biological processes. Unlike traditional cell culture or fixed tissue imaging, IVM allows for the ultra-fast high-resolution imaging of cellular processes over time and space and were studied in its natural environment. Real-time visualization of biological processes in the context of an intact organism helps maintain physiological relevance and provide insights into the progression of disease, response to treatments or developmental processes.
In this webinar we give an overview of advanced applications of the IVM system in preclinical research. IVIM technology is a provider of all-in-one intravital microscopy systems and solutions optimized for in vivo imaging of live animal models at sub-micron resolution. The system’s unique features and user-friendly software enables researchers to probe fast dynamic biological processes such as immune cell tracking, cell-cell interaction as well as vascularization and tumor metastasis with exceptional detail. This webinar will also give an overview of IVM being utilized in drug development, offering a view into the intricate interaction between drugs/nanoparticles and tissues in vivo and allows for the evaluation of therapeutic intervention in a variety of tissues and organs. This interdisciplinary collaboration continues to drive the advancements of novel therapeutic strategies.
A brief information about the SCOP protein database used in bioinformatics.
The Structural Classification of Proteins (SCOP) database is a comprehensive and authoritative resource for the structural and evolutionary relationships of proteins. It provides a detailed and curated classification of protein structures, grouping them into families, superfamilies, and folds based on their structural and sequence similarities.
Introduction:
RNA interference (RNAi) or Post-Transcriptional Gene Silencing (PTGS) is an important biological process for modulating eukaryotic gene expression.
It is highly conserved process of posttranscriptional gene silencing by which double stranded RNA (dsRNA) causes sequence-specific degradation of mRNA sequences.
dsRNA-induced gene silencing (RNAi) is reported in a wide range of eukaryotes ranging from worms, insects, mammals and plants.
This process mediates resistance to both endogenous parasitic and exogenous pathogenic nucleic acids, and regulates the expression of protein-coding genes.
What are small ncRNAs?
micro RNA (miRNA)
short interfering RNA (siRNA)
Properties of small non-coding RNA:
Involved in silencing mRNA transcripts.
Called “small” because they are usually only about 21-24 nucleotides long.
Synthesized by first cutting up longer precursor sequences (like the 61nt one that Lee discovered).
Silence an mRNA by base pairing with some sequence on the mRNA.
Discovery of siRNA?
The first small RNA:
In 1993 Rosalind Lee (Victor Ambros lab) was studying a non- coding gene in C. elegans, lin-4, that was involved in silencing of another gene, lin-14, at the appropriate time in the
development of the worm C. elegans.
Two small transcripts of lin-4 (22nt and 61nt) were found to be complementary to a sequence in the 3' UTR of lin-14.
Because lin-4 encoded no protein, she deduced that it must be these transcripts that are causing the silencing by RNA-RNA interactions.
Types of RNAi ( non coding RNA)
MiRNA
Length (23-25 nt)
Trans acting
Binds with target MRNA in mismatch
Translation inhibition
Si RNA
Length 21 nt.
Cis acting
Bind with target Mrna in perfect complementary sequence
Piwi-RNA
Length ; 25 to 36 nt.
Expressed in Germ Cells
Regulates trnasposomes activity
MECHANISM OF RNAI:
First the double-stranded RNA teams up with a protein complex named Dicer, which cuts the long RNA into short pieces.
Then another protein complex called RISC (RNA-induced silencing complex) discards one of the two RNA strands.
The RISC-docked, single-stranded RNA then pairs with the homologous mRNA and destroys it.
THE RISC COMPLEX:
RISC is large(>500kD) RNA multi- protein Binding complex which triggers MRNA degradation in response to MRNA
Unwinding of double stranded Si RNA by ATP independent Helicase
Active component of RISC is Ago proteins( ENDONUCLEASE) which cleave target MRNA.
DICER: endonuclease (RNase Family III)
Argonaute: Central Component of the RNA-Induced Silencing Complex (RISC)
One strand of the dsRNA produced by Dicer is retained in the RISC complex in association with Argonaute
ARGONAUTE PROTEIN :
1.PAZ(PIWI/Argonaute/ Zwille)- Recognition of target MRNA
2.PIWI (p-element induced wimpy Testis)- breaks Phosphodiester bond of mRNA.)RNAse H activity.
MiRNA:
The Double-stranded RNAs are naturally produced in eukaryotic cells during development, and they have a key role in regulating gene expression .
Richard's entangled aventures in wonderlandRichard Gill
Since the loophole-free Bell experiments of 2020 and the Nobel prizes in physics of 2022, critics of Bell's work have retreated to the fortress of super-determinism. Now, super-determinism is a derogatory word - it just means "determinism". Palmer, Hance and Hossenfelder argue that quantum mechanics and determinism are not incompatible, using a sophisticated mathematical construction based on a subtle thinning of allowed states and measurements in quantum mechanics, such that what is left appears to make Bell's argument fail, without altering the empirical predictions of quantum mechanics. I think however that it is a smoke screen, and the slogan "lost in math" comes to my mind. I will discuss some other recent disproofs of Bell's theorem using the language of causality based on causal graphs. Causal thinking is also central to law and justice. I will mention surprising connections to my work on serial killer nurse cases, in particular the Dutch case of Lucia de Berk and the current UK case of Lucy Letby.
Observation of Io’s Resurfacing via Plume Deposition Using Ground-based Adapt...Sérgio Sacani
Since volcanic activity was first discovered on Io from Voyager images in 1979, changes
on Io’s surface have been monitored from both spacecraft and ground-based telescopes.
Here, we present the highest spatial resolution images of Io ever obtained from a groundbased telescope. These images, acquired by the SHARK-VIS instrument on the Large
Binocular Telescope, show evidence of a major resurfacing event on Io’s trailing hemisphere. When compared to the most recent spacecraft images, the SHARK-VIS images
show that a plume deposit from a powerful eruption at Pillan Patera has covered part
of the long-lived Pele plume deposit. Although this type of resurfacing event may be common on Io, few have been detected due to the rarity of spacecraft visits and the previously low spatial resolution available from Earth-based telescopes. The SHARK-VIS instrument ushers in a new era of high resolution imaging of Io’s surface using adaptive
optics at visible wavelengths.
Nutraceutical market, scope and growth: Herbal drug technologyLokesh Patil
As consumer awareness of health and wellness rises, the nutraceutical market—which includes goods like functional meals, drinks, and dietary supplements that provide health advantages beyond basic nutrition—is growing significantly. As healthcare expenses rise, the population ages, and people want natural and preventative health solutions more and more, this industry is increasing quickly. Further driving market expansion are product formulation innovations and the use of cutting-edge technology for customized nutrition. With its worldwide reach, the nutraceutical industry is expected to keep growing and provide significant chances for research and investment in a number of categories, including vitamins, minerals, probiotics, and herbal supplements.
The increased availability of biomedical data, particularly in the public domain, offers the opportunity to better understand human health and to develop effective therapeutics for a wide range of unmet medical needs. However, data scientists remain stymied by the fact that data remain hard to find and to productively reuse because data and their metadata i) are wholly inaccessible, ii) are in non-standard or incompatible representations, iii) do not conform to community standards, and iv) have unclear or highly restricted terms and conditions that preclude legitimate reuse. These limitations require a rethink on data can be made machine and AI-ready - the key motivation behind the FAIR Guiding Principles. Concurrently, while recent efforts have explored the use of deep learning to fuse disparate data into predictive models for a wide range of biomedical applications, these models often fail even when the correct answer is already known, and fail to explain individual predictions in terms that data scientists can appreciate. These limitations suggest that new methods to produce practical artificial intelligence are still needed.
In this talk, I will discuss our work in (1) building an integrative knowledge infrastructure to prepare FAIR and "AI-ready" data and services along with (2) neurosymbolic AI methods to improve the quality of predictions and to generate plausible explanations. Attention is given to standards, platforms, and methods to wrangle knowledge into simple, but effective semantic and latent representations, and to make these available into standards-compliant and discoverable interfaces that can be used in model building, validation, and explanation. Our work, and those of others in the field, creates a baseline for building trustworthy and easy to deploy AI models in biomedicine.
Bio
Dr. Michel Dumontier is the Distinguished Professor of Data Science at Maastricht University, founder and executive director of the Institute of Data Science, and co-founder of the FAIR (Findable, Accessible, Interoperable and Reusable) data principles. His research explores socio-technological approaches for responsible discovery science, which includes collaborative multi-modal knowledge graphs, privacy-preserving distributed data mining, and AI methods for drug discovery and personalized medicine. His work is supported through the Dutch National Research Agenda, the Netherlands Organisation for Scientific Research, Horizon Europe, the European Open Science Cloud, the US National Institutes of Health, and a Marie-Curie Innovative Training Network. He is the editor-in-chief for the journal Data Science and is internationally recognized for his contributions in bioinformatics, biomedical informatics, and semantic technologies including ontologies and linked data.
Fact and Fiction: The Use of Neuroscience in Marketing
1. The Use of Neuroscience
in Marketing
Dr Bjorn Persson
Durham University Business School
Durham University
Fact and Fiction:
2. Dr Bjorn Persson
I completed my PhD in cognitive neuroscience
at the University of St Andrews studying
cognitive and neural memory processes.
Currently working at Durham University’s
Business School researching consumer
behaviour and decision-making
4. A person who is "left-brained"
is often said to be more logical,
analytical, and objective.
True? False?
Assumption 1:
A person who is "right-brained" is
said to be more intuitive,
thoughtful, and subjective.
5.
6. Sorrell said consulting and creativity were very different: "Traditionally, those
consultants have worked with chief information officers or chief technology officers on
the left brain; we’ve tended to work with chief marketing officers on the right brain."
https://www.campaignlive.co.uk/article/consultancies-cant-just-buy-culture-sorrell-says/1438508#6zA1r9mg6OaRX6pT.99
7. The balance of left-and right-brained thinking is a key element of
the modern CMO. Rather than complicating this balance,
technology can facilitate creative thinking and agile processes.
https://www.forbes.com/sites/johngreathouse/2016/05/02/right-brain-left-brain-which-will-define-the-future-of-marketing/
8. True False
Assumption 1:
• Evidence that some brain functions rely more on left or right hemisphere,
there is no truth to a person being more left or right brained.
• Large scale brain imaging studies have found no evidence that people use
one hemisphere more than the other
http://journals.plos.org/plosone/article?id=10.1371/journal.pone.0071275
9. True? False?
Assumption 2:
The size of your pupils can reveal a person’s preferences and
give insights to other cognitive processes.
10. Our pupils dilate if we listen to music that has a big emotional effect on us,
researchers have found. They say the amount of dilation could reveal how
much a song really touches us.
It could even help us retain more information - is we listen to our 'happy
songs' when we are learning.
http://www.dailymail.co.uk/sciencetech/article-3320925/Music-eyes-Listening-favourite-songs-causes-pupils-dilate-help-study.html#ixzz54BBKtqjJ
11. By using wearable devices we can measure evidence streams from sensors
recording the way stimuli affect our non-conscious physiological reactions,
such as pupil dilation, eye-tracking, facial expressions, skin-sweat and
heart rate levels, all of which are indicators of an emotional response.
https://www.marketingweek.com/2016/10/12/why-emotional-reactions-are-a-key-driver-of-behaviour/
12. True False
Assumption 2:
• Increased pupil dilation has been linked to attractiveness, but also
preference for objects
• Increased pupil dilation has also been found during retrieval in memory
tests and in predicting whether someone will click on a link
https://www.ncbi.nlm.nih.gov/pubmed/27253862
http://ieeexplore.ieee.org/document/7817082/?reload=true
13. True? False?
Assumption 3:
Studies on Oxytocin found a link between levels of the hormone
and love and trust, where more Oxytocin = higher levels of love
and trust. This has led people to name it the hug or cuddle
hormone, and suggest that it is crucial for establishing trust and
affection.
14. Without [Oxytocin] there would be no cities, no villages, no families. It is
the trust hormone in all of us,” Paul said, adding: “How do we trigger this?
How do we induce this in our communication, because the difference
between good and great has to do with the amount of oxytocin you can
trigger
We spend too much time on data and strategy,” he said, adding later that
“the beautiful thing about oxytocin is it’s available for free.”
https://www.mediapost.com/publications/article/228373/better-advertising-through-chemistry-oxytocin-is.html?edition=
Josy Paul, Chairman and Chief Creative Officer of BBDO India
15. Oxytocin, which is secreted at the point of orgasm and when mothers feed
their babies, is a hormone that elicits a sense of trust. You feel wonderful.
Therefore it motivates you to trust and fall in love with the person – or brand
– involved [...] if a brand can trigger oxytocin release in a consumer, it is
more likely to be trusted, and more likely to evoke a positive memory of that
brand.
https://www.mumbrella.asia/2013/12/bbdos-andy-wilson-hormones-behind-orgasms-childbirth-crucial-brands
Andy Wilson, Regional Strategy Director BBDO
16. Assumption 3:
• Increased levels of Oxytocin has also been found to:
• Increase schadenfreude/envy
• Intensify a negative memory of a social experience
• Increased aggression and violence toward members of
outgroup
True False
https://www.scientificamerican.com/article/fact-or-fiction-oxytocin-is-the-love-hormone/
17. Assumption 4:
Neuroscience methods, such as fMRI, can reveal
what people are thinking about.
https://www.scientificamerican.com/article/fact-or-fiction-oxytocin-is-the-love-hormone/
True? False?
18. UNIQLO customers were fitted with a neuro-headset and shown a series
of video stimuli. Their neurological responses to the stimuli were then
analysed in real-time by a custom-built algorithm that identified their
current mood and recommended the perfect T-shirt for them.
http://www.isobar.com/gb/en/work/umood/
19. By watching how different neural circuits light up or go dark during the
buying process, the researchers found they could predict whether a person
would end up purchasing a product or passing it up. They concluded, after
further analysis of the results, that "the ability of brain activation to predict
purchasing would generalise to other purchasing scenarios".
https://www.theguardian.com/technology/2008/apr/03/news.advertising
20. Assumption 4:
• It is possible to identify patterns of neural activity and use
supervised learning to infer the content of someone’s thoughts.
• Analysis of patterns of activity found to accurately predict
whether a person was thinking about a location or a tool
True False
http://journals.plos.org/plosone/article?id=10.1371/journal.pone.0001394
21. Top tips when reading about
neuroscience/neuromarketing
Where is the brain?
What does this mean/add?
Beware of claims that brain area X does Y
22. “Lottolab’s previous experiments include a pop-up at London’s Science Museum that looked into
people’s motivations when they donate money to good causes. People who entered the space had the
option of donating publicly or privately. If public, they had their photograph taken with their donation
value and their image was projected onto a wall in the middle of the space in which a party was taking
place.
[...]
Last week Lotto launched a messaging app called Traces that will monitor users’ behaviour and
determine how digital media can help to build empathy between people. He plans to open the app up to
partners including brands, educational organisations and publishers.”
Neuroscience and marketing:
what you need to know
https://www.marketingweek.com/2014/08/06/neuroscience-and-marketing-what-you-need-to-know/
Where is the brain?
23. “A decade of studies using brain imaging shows that human neural activity, particularly in the insula
cortex region, reflects the precise degree of unfairness in social interactions.
In a classic example known as the ultimatum game, [...] unfairness has a negative value that outweighs
the positive value of the money they would otherwise receive.
The motivation to reject unfairness, and the humiliation that results from it, can become deeply
embedded in national narratives and decision-making. In 1951, Iranian Prime Minister Mohammad
Mossadegh rejected years of inequitable profit-sharing agreements with the British-run Anglo Iranian Oil
Company by nationalizing Iran’s oil industry”
The Neuroscience Guide to Negotiations
With Iran
What does this mean/add?
https://www.theatlantic.com/international/archive/2014/01/the-neuroscience-guide-to-negotiations-with-iran/282963/
24. “A decade of studies using brain imaging shows that human neural activity, particularly in the insula
cortex region, reflects the precise degree of unfairness in social interactions.
Insula also involved in:
• Different types of addiction
• Proprioception
• Perception and experience of pain
Few highly specialised areas in the brain (some exceptions in memory, vision, language for example)
Reverse Inference Fallacy
Brain area X is active when people see A, and also when people see B - therefore B = A.
A case of the Reverse inference fallacy,where the engagement of a particular cognitive process is
inferred from the activation of a particular brain region (Poldrack, 2006)
http://www.cell.com/trends/cognitive-sciences/abstract/S1364-6613(05)00336-0
Beware of claims that area X does Y
25. If someone tries to sell you something with a brain on
it, don’t just take them at their word. Ask the tough
questions, ask to see the evidence, ask for the part of
the story that’s not being told. The answers shouldn’t
be simple, because the brain is not simple.
- Dr. Molly Crockett
26. Thank you!
Dr Bjorn Persson
Durham University Business School
Durham University
Editor's Notes
Reverse inference example: When I am tired I drink coffee. When I see my friends, I also drink coffee. From this we CANNOT infer that if I am seeing my friends I must also be tired. We have to separate functions (tired and friends) resulting in the same kind of activity (drinking coffee)