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

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

215. Questionstorming at KIND / Mars with Beatrix Daros

Jul 29, 2022
Beatrix Daros, Global Consumer Intelligence Director for Mars, discusses a project on healthy snacking and impulse buying with KIND. They talk about using technology during the pandemic, future research plans, questionstorming sessions, and applying behavioral economics in research and project development.
52:43

Episode guests

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Quick takeaways

  • Incorporating behavioral economics into pricing strategies is crucial for business success and understanding consumer behavior.
  • Collaborating with Mars on a project about healthy snacking trends highlights the importance of adapting to research challenges with innovative technology.

Deep dives

Incorporating Behavioral Economics into Pricing Strategy and Product Development

Incorporating behavioral economics into pricing strategies and product development is essential for business success. Understanding consumer behavior and decision-making processes can help optimize pricing strategies and product offerings. Utilizing insights from behavioral economics can provide valuable guidance in creating brain-friendly business practices that resonate with customers. By incorporating behavioral economics, businesses can enhance their understanding of why people buy and tailor their strategies accordingly.

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