#091 - Richard Shotton - Some Very Important Effects In Advertising
Modern Wisdom
Chris Williamson
4.6 • 5.9K Ratings
🗓️ 5 August 2019
⏱️ 71 minutes
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| 0:00.0 | Hello people of podcast land. Welcome back to modern wisdom. I guess today is Richard |
| 0:05.1 | Shotten. He's a behavioral science expert and the founder of Astro 10. |
| 0:10.8 | Behavioral science is one of those really interesting... |
| 0:14.4 | That's the end of my Pomodoro. I'm going to keep going. Thank you. Be focusprop. |
| 0:20.4 | Behavioral science is one of those fascinating areas that I absolutely love to talk about. |
| 0:24.9 | All of us are completely at the mercy of our own biases on a daily basis. So, learning |
| 0:29.4 | about them, even if you can't stop them from happening, is just a hilarious insight |
| 0:34.8 | into the way that our minds work. So, today, expect to learn. |
| 0:39.9 | What is the reason that restaurants don't put pound signs in front of their prices? Why |
| 0:43.8 | do marketing campaigns with huge floors end up winning the market over? How does increasing |
| 0:49.0 | wait times on comparison sites actually improve customer buy-in? And why do budget airlines |
| 0:54.2 | reduce quality of experience to improve trust? Also, you're going to get to find out |
| 0:59.8 | what the word nine-enders means in a marketing sense. That's a real term, nine-enders. |
| 1:09.6 | This episode is fantastic. I absolutely loved it. Richard, you're a legend and a gentleman. |
| 1:14.6 | Thank you so much for coming on. Rory Sutherland's Psychology in the World of Advertising, episode |
| 1:19.9 | 49 is a perfect complement to this, if you enjoy it. But for now, please welcome the |
| 1:25.7 | wise and wonderful Mr. Richard Shotten. |
| 1:44.3 | I am joined by Richard Shotten, founder of Astro10 and author of The Choice Factory. |
| 1:49.1 | Richard, welcome to the show. Hi, good to meet you, Chris. Fantastic to have you on. |
| 1:54.0 | Just before we started, you told me that Astro10, your company, is actually the wrong name |
| 1:59.2 | for itself. Can you explain what's happened there? It is the wrong name. So, I set it up |
| 2:07.3 | last August and I was on a holiday and it was getting to the stage where I just needed |
... |
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