The Brainy Business | Understanding the Psychology of Why People Buy | Behavioral Economics cover image

406. Why We Buy w/ Patrick Fagan (Refreshed Episode)

The Brainy Business | Understanding the Psychology of Why People Buy | Behavioral Economics

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Exploring Human Behavior and Segmentations

Delving into various segmentations conducted for a supplements brand, the chapter explores how different types of people are motivated by distinct factors related to health, diet, and nutrition. It highlights the influence of reassurance, loss aversion, and time discounting on individuals' behaviors, as well as the importance of segmentation in psychology for targeted messaging and societal progress.

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