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Using Behavioral Science in Marketing with Nancy Harhut

Brainfluence

CHAPTER

How to Close the Information Gap

Nancy: Information gap theory is a term coined by neuroeconomist George Lowenstein. He found that if there's a gap between what you know and what you want to know, you'll take action to close the gap. We did some work for a company that was selling a very sophisticated financial product. They used information gaps theory to get people to kind of go, oh, I need to find out more. It actually gave them an 85 X on their return on investment.

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