11 Psychology Tricks From the World’s Best Brands - Richard Shotton - #1053
Modern Wisdom
Chris Williamson
4.6 • 5.9K Ratings
🗓️ 31 January 2026
⏱️ 95 minutes
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| 0:00.0 | Good news. I'm going back on tour with a brand new live show in Australia, New Zealand and Bali. |
| 0:04.7 | If you are interested in learning how to overcome imposter syndrome, reach your goals while not missing |
| 0:09.8 | your entire life, my perspective on where true confidence comes from, everything I've ever |
| 0:14.8 | discovered about discipline plus brand new insights that I've never spoken about on the podcast, |
| 0:19.2 | then join me on stage as I explore |
| 0:21.4 | all of these topics with you. And you can get involved during an extensive Q&A where we work |
| 0:26.4 | through the biggest questions that you have right now. Perth and Brisbane are completely sold out, |
| 0:31.7 | but there are still tickets available for Sydney, Melbourne, Adelaide, Christchurch, Auckland and Bali. |
| 0:36.1 | And you can get yours right now by going to the link in the description below or heading to chris Williamson. |
| 0:41.2 | Dot live. What did you learn from Five Guys? |
| 0:44.6 | So Five Guys is the opening chapter and we talk about something that they did very powerfully, which is when they launched, they were relentless |
| 0:55.0 | at focusing on just doing burger and chips. So people like McDonald's have got seduced by the |
| 1:00.8 | fact that they could launch filet of fish and chicken burgers. But the five guys relentlessly honed |
| 1:07.9 | down on just doing burgers. Now, some of the benefit of that is a ability just to get better at cooking, better at producing your core product. |
| 1:19.7 | But psychologists argue there's something else on top of it. |
| 1:22.9 | So there's an idea called the gold dilution effect. |
| 1:25.8 | And the first studies were done by Zang and Fishback back in |
| 1:28.3 | 2007. And they did a very simple experiment. Recruit a group of people, randomize them into two |
| 1:35.8 | subgroups. And the first set of people are told, if you eat tomatoes, it's very good for your |
| 1:42.3 | heart health. Here are the reasons. And that group are asked |
| 1:45.9 | to say whether they think eating tomatoes is worth doing for their heart health. Second group of |
| 1:51.7 | people, they see exactly the same text, exactly the same reasons and logic and facts about why |
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