In this episode we look at a range of behavioral science experiments that shed light on effective gift giving. These are useful because our intuition about what receivers want is often off the mark.
In particular, we cover experiments showing how spending on others is a better way for givers to boost their own happiness than spending on themselves and why receivers tend to prefer experiences rather than material gifts.
While there are plenty of personal applications for these findings we also focus on the implications for brands.
Behavioral Science For Brands: Leveraging behavioral science in brand marketing.