Businesses are increasingly applying insights from behavioral economics in a wide range of areas including product pricing, marketing strategies, incentives and shaping consumer behavior. However, many companies currently lack the knowledge necessary to take advantage of behavioral economics. Understanding the psychological principles affecting the choices and behavior of customers, employees, and other stakeholders can give organizations a competitive advantage. In this talk, employees will learn (1) how insights from behavioral economics can be incorporated into business strategy, (2) how to pinpoint the most important behavioral considerations impacting an organization’s goals, and (3) how to use small-scale business experiments to accurately measure the effectiveness of behavioral interventions.
Looking for the best prices possible? According to behavioral economist Uri Gneezy, using 7 special words can make all the difference.
gneezy and list. Photo of John List by Lloyd De Grane. John List and Uri Gneezy say charities should run their own experiments instead of following rules of ...

Mixed Signals: How Incentives Really Work

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