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402 Using Behavioral Science in Marketing by Nancy Harhut

The Marketing Book Podcast

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Is There a Loss Aversion in Marketing?

Marketers know that benefits sell focusing exclusively on gains may not be the best move. A little well placed loss aversion can go a long way because people don't want to make mistakes and they're afraid of loss so a little well-placed loss aversion can be good. It could be something as simple as sort of saying you know take advantage of this new product of service you say don't miss are enough to trigger loss aversion.

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