8 Psychology Hacks Behind The World’s Biggest Businesses - Richard Shotton - #626

Modern Wisdom

Chris Williamson

Society & Culture, Health & Fitness

4.6 • 5.9K Ratings

🗓️ 11 May 2023

⏱️ 93 minutes

🔗️ Recording | iTunes | RSS

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Summary

Richard Shotton is a behavioural scientist, Founder of Astroten and an author. Humans are predictably irrational. By studying these behaviours through clever techniques, advertisers and marketers have been able to boost sales and influence you in ways you might not realise or expect. So it's pretty important to discover how you're being manipulated. Expect to learn what are the most powerful words in persuasion, which human biases are over tested & overrated, how a small commitment can be the beginning of a huge commitment, which hacks make advertising campaigns stick in people’s minds, how to overcome the problem of analysis paralysis, how to change everything someone believes whilst changing nothing they experience and much more... Sponsors: Get the Whoop 4.0 for free and get your first month for free at http://join.whoop.com/modernwisdom (discount automatically applied) Get up to 55% discount on your Babbel subscription https://babbel.com/modernwisdom (discount automatically applied) Go to my sponsor https://betterhelp.com/modernwisdom for 10% off your first month of therapy with BetterHelp and get matched with a therapist who will listen and help Timestamps: (00:00) Intro (01:03) How Businesses Use Discounts to Trick You (07:36) Extremeness Aversion (18:17) Our Naive Reaction to Numbers & Fonts (25:19) Christian Aid’s Engagement Experiment (31:53) The Importance of Framing in Marketing (42:14) How Marketers Manipulate Our Desire for Fairness (52:30) Triggering Consumers’ Righteous Indignation (1:04:05) The Red Sneaker Effect (1:08:54) The Halo Effect (1:17:54) Making the End of an Experience Great (1:27:53) Where to Find Richard Extra Stuff: Buy The Illusion Of Choice - https://amzn.to/3XDakP7 Follow Richard on Twitter - https://twitter.com/rshotton Get my free Reading List of 100 books to read before you die → https://chriswillx.com/books/ To support me on Patreon (thank you): https://www.patreon.com/modernwisdom - Episodes You Might Enjoy: This Is How To Master Your Life - David Goggins - #577: ⁠⁠⁠lnkfi.re/SN-Goggins⁠⁠⁠ How To Destroy Your Negative Beliefs - Dr Jordan Peterson - #712: ⁠⁠⁠lnkfi.re/SN-Peterson⁠⁠⁠ The Secret Tools To Hack Your Brain - Dr Andrew Huberman - #700: ⁠⁠⁠lnkfi.re/SN-Huberman⁠⁠ Get in touch. Instagram: https://www.instagram.com/chriswillx Twitter: https://www.twitter.com/chriswillx YouTube: https://www.youtube.com/modernwisdompodcast Email: https://chriswillx.com/contact/ Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	What's happening people? Welcome back to the show.
0:02.7	My guest today is Richard Chotten,
0:04.6	he's a behavioral scientist, founder of Astro10, and an author.
0:08.8	Humans are predictably irrational by studying these behaviors,
0:12.6	advertisers and marketers have been able to boost sales
0:15.4	and influence who in ways you might not realize or expect.
0:18.8	So it's pretty important to discover just how you're being manipulated.
0:23.2	Expect to learn what are the most powerful words in persuasion,
0:26.6	which human biases are over-tested and overrated,
0:29.9	how a small commitment can be the beginning of a huge commitment,
0:33.5	which hacks make advertising campaigns stick in people's minds,
0:37.1	how to overcome the problem of analysis paralysis,
0:40.3	how to change everything someone believes
0:42.7	whilst changing nothing, the experience, and much more.
0:48.5	In other news, this episode is brought to you by Woop.
0:52.2	The only fitness tracker that I've stuck with and by far,
0:55.3	my favourite, it tracks absolutely everything you do 24-7
0:58.8	by the most comfortable wearable that just sits on your wrist.
1:01.8	It's your heart rate variability, your resting heart rate,
1:04.3	how much you're breathing, your stress throughout the day,
1:06.8	every workout, every recovery run,
1:08.9	the walks that you do from the car to the door.
	...

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