MichaelAaron Flicker, author of "Hacking The Human Mind," discusses behavioral science and its impact on business, brands, and investor behavior. He shares his entrepreneurial journey and explains how understanding consumer psychology is crucial for solving problems and making informed decisions. The conversation covers topics such as loss aversion, the sunk cost fallacy, and how these biases influence investor behavior and consumer choices. Flicker provides examples from well-known brands like Got Milk, Amazon, and Guinness to illustrate these psychological principles and offers insights into how companies can ethically use pricing psychology and marketing to improve customer perception and drive repeat business. The discussion also touches on the role of AI in influencing buying decisions and the importance of brands understanding human instincts.
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