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Scooped by Sakis Koukouvis
February 12, 2012 5:01 PM
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The Brain’s Buying Power

The Brain’s Buying Power | Science News | Scoop.it

The application of neuroscience technology to the field of marketing has garnered considerable controversy, but also considerable traction, and the use of so-called “neuromarketing” will likely increase in the coming years, according to industry experts.

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Scooped by Sakis Koukouvis
January 11, 2012 7:03 PM
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Retail therapy - How Ernest Dichter, an acolyte of Sigmund Freud, revolutionised marketing

Retail therapy - How Ernest Dichter, an acolyte of Sigmund Freud, revolutionised marketing | Science News | Scoop.it

“You would be amazed to find how often we mislead ourselves, regardless of how smart we think we are, when we attempt to explain why we are behaving the way we do,” Dichter observed in 1960, in his book “The Strategy of Desire”. He held that marketplace decisions are driven by emotions and subconscious whims and fears, and often have little to do with the product itself. Trained as a psychoanalyst, Dichter saw human motivation as an “iceberg”, with two-thirds hidden from view, even to the decision-maker. “What people actually spend their money on in most instances are psychological differences, illusory brand images,” he explained.

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