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#592 - Richard Shotton - 8 Fascinating Psychological Biases

Modern Wisdom

CHAPTER

Harnessing Psychological Principles in Advertising

This chapter explores the IKEA effect and the generation effect in advertising, highlighting how these principles improve marketing strategies. Through the example of Betty Crocker's cake mix and classic ad campaigns, it demonstrates the importance of balancing simplicity and involvement to create impactful consumer connections.

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