Behavioral Science For Brands: Leveraging behavioral science in brand marketing. cover image

Summer holidays: using nostalgia to increase willingness to pay

Behavioral Science For Brands: Leveraging behavioral science in brand marketing.

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Embracing Flaws to Build Trust

This chapter explores the 'stolen thunder' concept, demonstrating how acknowledging product flaws can enhance brand credibility and customer trust. Through examples from well-known brands, it emphasizes the importance of integrating behavioral science into marketing strategies to foster a positive consumer perception. The discussion also highlights effective pricing strategies and their impact on customer expectations, advocating for transparency and authenticity in brand communications.

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