meta_pixel
Tapesearch Logo
Log in
Speaking of Psychology

Encore - Tightwads and spendthrifts: How emotions drive our shopping behavior, with Scott Rick, PhD

Speaking of Psychology

Kim Mills

Health & Fitness, Life Sciences, Science, Mental Health

4.3781 Ratings

🗓️ 27 November 2024

⏱️ 32 minutes

🧾️ Download transcript

Summary

Does shopping bring you joy? Or do you feel a bit of pain and regret every time you have to make a purchase? Many of us will be shopping for gifts in the upcoming weeks—whether we enjoy it or not. Scott Rick, PhD, of the University of Michigan's Ross School of Business, discusses how our emotions drive our buying behaviors, why some people spend money so easily while others find it so difficult, whether “retail therapy” actually works, and why Black Friday sales are so irresistible. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0

This episode is brought to you by Shopify.

0:03.0

Looking to start a side hustle or become your own boss, do it with Shopify.

0:06.9

Whether you're selling succulents or stilettos,

0:09.3

Shopify has the industry leading tools to help you create, control and grow your own business.

0:13.9

So get serious about selling and get Shopify today.

0:16.9

Sign up for a £1 per month trial period at Shopify.com.com slash special offer, or lowercase.

0:23.1

That's Shopify.com.com slash special offer.

0:26.8

Speaking of psychology is taking a Thanksgiving break this week, so we're rerunning an episode from our archives.

0:33.5

Back in 2021, at the beginning of the holiday shopping season, I talked to University of Michigan

0:38.7

professor Scott Rick about how emotions guide our shopping behavior and why Black Friday

0:44.4

sales are so irresistible.

0:46.6

We hope you enjoy this episode from the archives, and we'll be back with a new episode next week.

0:53.1

Does shopping bring you joy?

0:55.7

Or do you feel a bit of pain or regret every time you have to make a purchase?

1:00.8

Many of us will be shopping for gifts in the coming weeks, whether we enjoy it or not.

1:05.3

So today we're going to talk about the psychology of shopping.

1:08.4

How do our emotions drive our buying behaviors?

1:11.9

Why do some people spend money so easily,

1:14.2

even when they shouldn't, while others find it difficult

1:16.8

to splurge even when they can afford it?

1:19.1

Does buying a gift feel the same as buying something for yourself?

1:23.2

Is retail therapy a real thing?

...

Please login to see the full transcript.

Disclaimer: The podcast and artwork embedded on this page are from Kim Mills, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Kim Mills and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2025.