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Textbook Unlocked 1St Edition Melina Palmer Ebook All Chapter PDF
Textbook Unlocked 1St Edition Melina Palmer Ebook All Chapter PDF
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Praise for
“You trust your gut, right? Well, so did many other business leaders, just
before their gut reactions led them to make decisions that brought down
great companies and high-flying careers. Melina Palmer’s book, relying on
the latest research in behavioral economics, shows you how to avoid the
dangerous judgment errors called cognitive biases that brought down
previously successful leaders. Palmer is an excellent science and business
communicator and provides clear and business-relevant explanations of
what you need to know to use behavioral economics insights to protect your
company and career.”
“What Your Customer Wants and Can’t Tell You: Unlocking Consumer Brains
with the Science of Behavioral Economics is a great guide to the customer’s
mind. Written for the savvy businessperson, the book delves into behavioral
economics with an entry-level, yet accessible, approach that will not only
enlighten, but also entertain.”
“Melina Palmer has taken the insights she has gathered from years of
producing her wonderful podcast, The Brainy Business, and packed them all
into this fun, delightful book that will leave you with new, smart ideas to
launch your business to the next level. Filled with actionable knowledge,
What Your Customer Wants and Can’t Tell You: Unlocking Consumer Brains
with the Science of Behavioral Economics is a treasure trove of ways you can
use psychological principles to amplify your marketing and sales efforts.
From insights on pricing and priming, to messaging and nudges, to
reciprocity and habits, this book provides you with hundreds of hints and
tips that can be implemented immediately. This is a must-read for anyone
who is interested in how to unlock the power of behavioral economics with
their customers.”
—Dr. Kurt Nelson, founder and chief behavioral scientist of The Lantern
Group and cohost of the award-winning Behavioral Grooves podcast
“I really enjoyed reading What Your Customer Wants and Can’t Tell You.
Melina is a great storyteller and, being a twenty-four-year P&G Insights
veteran, I can see how most (if not all) of these behavioral economics
concepts have been applied to the different brands I’ve worked on. What
Your Customer Wants and Can’t Tell You pulls these concepts together
beautifully by providing case studies and stories, making it far easier than
any other resources I’ve seen to translate BE concepts into a world of
business.”
“What Your Customer Wants and Can’t Tell You is a superb, easy-to-read
exposé of how to apply key behavioral principles. Told in a very compelling
way with an authentic style, it is a terrific guide for marketers and industry
practitioners the world over. Anyone in business would benefit from the
insights in this book.”
“Melina Palmer’s book What Your Customer Wants and Can’t Tell You is a
wonderful guide full of behavioral economics principles and insights that
can be applied in your everyday work, and an exceptional companion to
Melina’s podcast, The Brainy Business. A one-two punch that will be sure to
‘nudge’ you into the wonderful world of applied behavior science.”
“An engaging and thoughtful read packed with tons of concrete examples,
this book is a valuable resource for anyone seeking to understand the
principles of behavioral science and apply them in their work and lives.”
“Like Melina’s podcast, What Your Customer Wants and Can’t Tell You
sparkles with snappy ideas that unearth truths about human behavior with
cool ideas and practical tips. It stands on the shoulders of her podcast guests
and researchers who shared great ideas, but, more importantly, Melina
serves them up in ways that are down-to-earth and easy to put into practice.
It’s a must-read!”
“What Your Customer Wants and Can’t Tell You is absolutely jam-packed full
of fascinating examples of how, deep-down, our brains are shaping, guiding,
and triggering everyday behavior…without us even being aware of it!
Energizing, fun, and pacy, this book will appeal not just to smart-marketers,
creatives, and designers looking for fresh inspiration, but to anybody
interested in the latest science behind what really makes us tick…and what it
is that nudges us to make the choices we do.”
“What Your Customer Wants and Can’t Tell You is a stand-out guide for
anyone fascinated by customer behavior and the science of decision-making.
Melina is an invaluable voice in the field, with a unique take on behavioral
economics and its application for marketers. What Your Customer Wants
and Can’t Tell You is accessible in its delivery and robust in its evidence base
for enthusiasts and practitioners alike, providing clear examples and
memorable insight—a smart balance of breadth and depth.”
“Melina has made the complex workings of the human brain, the most
powerful machine on the planet even in the Age of AI, simple and
approachable for anyone to understand and take advantage of.”
—James Robert Lay, founder and CEO of Digital Growth Institute and
podcast host and author of Banking on Digital Growth
“Melina uses relatable anecdotes and beautifully simple narratives that speak
directly to the mind and emotions of the reader. In doing so, she illustrates
the point of the book: Why it’s fundamental to truly understand human
emotions and behavior in a quantifiable way and the tools you need to do so
to ultimately connect to customers and demonstrate real growth.”
“In What Your Customer Wants and Can’t Tell You, Melina lifts up the
curtain to help us understand what customers often don’t understand
themselves—how they make decisions. This brilliant book is a wealth of
knowledge, arming practitioners with actionable insights to help understand
how customers decide.”
—Nate Andorsky, CEO of Creative Science and author of Decoding the Why:
How Behavioral Science Is Driving the Next Generation of Product Design
“If you are already a fan of Melina’s excellent podcast The Brainy Business (as
I am!), you’ll instantly recognize her friendly and warm voice in What Your
Customer Wants and Can’t Tell You. Displaying her usual upbeat and
enthusiastic style, Melina succeeds in making the subject of behavioral
economics seem cool and fun to explore.”
“What Your Customer Wants and Can’t Tell You hands you the key to the
secret world of behavioral science, in its comprehensive yet approachable
review of the research and how to use it.”
“Melina does an amazing job of taking such a fascinating, yet complex, topic
and distilling it into simple, actionable information that can be applied in so
many different aspects of our lives.”
“The book every businessperson should read! It’s packed full of thoughtful
information and laid out in a way that is easy to absorb. It will make you
think and act differently, as well as approach your business in a whole new
way. It will make you laugh, gasp, and ponder. It’s absolutely brilliant.”
MELINA PALMER
CORAL GABLES
Copyright © 2021 by Melina Palmer.
Published by Mango Publishing Group, a division of Mango Media Inc.
Uploading or distributing photos, scans or any content from this book without
prior permission is theft of the author’s intellectual property. Please honor the
author’s work as you would your own. Thank you in advance for respecting our
author’s rights.
For special orders, quantity sales, course adoptions and corporate sales, please
email the publisher at sales@mango.bz. For trade and wholesale sales, please
contact Ingram Publisher Services at customer.service@ingramcontent.com or
+1.800.509.4887.
What Your Customer Wants and Can’t Tell You: Unlocking Consumer Brains with
the Science of Behavioral Economics
Concepts
Chapter 5
Framing
Chapter 6
Priming
Chapter 7
Relativity
Chapter 9
Loss Aversion
Chapter 10
Scarcity
Chapter 11
Herding
Chapter 12
Social Proof
Chapter 13
Paradox of Choice
Chapter 15
Partitioning
Chapter 16
Pain of Paying
Chapter 17
Peak-End Rule
Chapter 19
Habits
Chapter 20
Reciprocity
Part III
Behavioral Baking
Chapter 22
Who Am I To…?
Afterword
Acknowledgements
Notes
About the Author
Foreword
Exactly one hundred years ago, a publisher in London released The
Psychology of Persuasion by William Macpherson. In 1929, Edward Bernays
popularized smoking among women by reframing cigarettes as “torches of
freedom.” Despite the gradual development of the field of consumer
psychology, though, all too many twentieth-century managers doggedly
stuck to marketing focused on features and benefits.
In the last few decades, neuroscience has added still more to our knowledge
of human behavior. Imaging tools like fMRI turned the brain from an
impenetrable black box into something that could be observed in action.
My own interest in the intersection of marketing and the brain grew when I
saw that a few forward-thinking marketers were using the tools of
neuroscience to study customer reactions to advertising, packaging, and
products.
During this time, a series of bestselling books showed that most human
decisions are made mostly at the nonconscious level. Business leaders
became increasingly aware that their customers might not be persuaded by
logic and facts alone.
When my first book, Brainfluence, came out nearly a decade ago, there were
few guides to help businesspeople use the insights of behavioral science to
answer everyday questions. How should one set and display prices? Which
image will be more persuasive? Which headline will attract more buyers? I
strove to answer questions like this in a way that any businessperson could
not only understand but put into action.
What Your Customer Wants and Can’t Tell You by Melina Palmer is a
significant and worthy addition to this genre. She explains the science, not in
academic terms, but in a way that busy marketers and executives can
understand and internalize. Her style is conversational, not didactic or
pedantic, and she avoids academic jargon. Melina includes interactive “Try
It Yourself ” sections to help the reader apply the knowledge to their own
situation.
Any reader who completes What Your Customer Wants and Can’t Tell You
will come away with an understanding of a wide range of nonconscious
persuasion techniques applicable to organizations of any size. Even those
who dive into a particular section can come away with useful ideas.
Take a moment now to consider what it does and how it works. What do you
truly “know” for sure? How much of what you believe about your brain is
built on assumption and wishful thinking? And, to take it a step further, how
much do you know about the brain of your best friend, colleague, or
customer?
The truth is, even though we all have brains…we don’t really understand
how they work.
The past twenty years have uncovered more about the human brain than was
learned throughout the preceding 200,000 years.1 Technology and the
combined power of a connected world have contributed to this learning, and
there is still so much more to discover in the years to come.
One of the best things (in my opinion, at least) to come out of this time is
the field of behavioral economics—the psychology of why people buy and
the rules of the brain that help us predict what people will actually do
instead of what we think they should.
I like to say that, if traditional economics and psychology had a baby, you
would have behavioral economics. Or, put another way:
And good news! That is the most complex equation you will find in this
book. Because, while I am a behavioral economist (and I know the title can
be a little intimidating), it is my mission to make the learnings from this
field accessible and usable by everyone.
First, let’s talk more about how the brain really works.
Only really important stuff makes it to this level; slower, more evaluative decisions
While we like to think we’re in control of our brains and all our decisions
(and believe we are doing everything as a complex, logical evaluation), it
simply isn’t the case. The conscious brain cannot handle enough information
to get through the plethora of decisions needed to survive.
That is why 99 percent of the decisions you make (as well as those of your
customers, colleagues, friends, and family members) are handled by the
subconscious brain.4
Unfortunately, these two systems of the brain don’t speak the same language.
That is why focus groups will say they want to buy toothpaste A…and then
don’t. They aren’t lying to you on purpose (for the most part). It turns out
people don’t know what they will do. And even worse, they can’t even tell
you after the fact why they did something because, again, the two parts of
the brain aren’t speaking the same language.
Think back to when you first learned to drive a car. It was likely a slow,
tedious process where you were constantly second-guessing yourself.
(“Where do my hands go? Which pedal is that? Don’t forget to check the
mirror!”)
It was slow because your conscious brain was having to learn and set up
rules for the process. Now that those rules have been established, it’s much
easier—you likely didn’t even need to think about any of that the last time
you drove, right? That’s because driving skills have moved into your
subconscious brain. While you drive, your brain is still making all the same
decisions and evaluations, but they are done quickly using established rules
of thumb—things that have worked in the past.
That is the process of your subconscious handing the wheel over to your
conscious brain (pun intended). Driving in this moment is too important
and needs diligent focus to keep you safe. It’s worthy of those forty bits per
second (and something else needs to be relegated down to the level of the
subconscious while driving takes precedence).
This is also why you turn the radio down while searching for a new address;
the conscious brain can’t handle that much input at one time.
While the driving example shows how your brain has created rules and
biases based on your individual experiences, the subconscious’s rules are
also greatly influenced by our biology and have been developing for
thousands of years.5
Consider the “fight, flight, or freeze” response we all have when confronted
by danger. There’s a reason our automatic process takes over in those intense
situations—it needs to protect us based on what has kept us (and our
ancestors) alive for generations. Any of our relatives who saw two reflective
dots in the bushes during the night and thought, “Nah, I know you all think
that’s a tiger…but I bet you’re wrong!” probably didn’t make it through the
evolutionary chain before being eaten by said tiger.
Both types of learning—those created through the generations and via our
individual experiences—influence the rules the subconscious lives by and
constantly applies throughout the day.
The most important thing for you to know as you go through this book (and
evaluate your life and business decisions moving forward) is that behavioral
economics helps us understand these rules of the brain. The concepts I will
introduce you to throughout this book have been proven across culture, age,
gender, income, education, and more.6 They may appear in different degrees
and are not exactly the same for every person in every situation, but we all
do each of these things to varying degrees in our lives every day.
Imagine you were seeing a chess board for the first time and sat down to
play against a master, but you weren’t allowed to know the rules and had to
learn as you went. You might come up with theories and guesses for what
each piece could do, or why and when to move one, but it would be
incredibly difficult to make progress and you would almost never win.
How much could you learn at each point if you knew the rules going in?
How different would that experience be?
You may have heard the old adage that “perception is reality,” and people
continue to say that because it’s true. In this case, I prefer Peter Steidl’s
statement that “a brand is a memory.”
AFRICAN TRAVELLER.
MEMOIR
OF
AFRICAN TRAVELLER.