Behavioral Economics in Marketing: What the 1960’s Marshmallow Test Tells Us About Marketing
Findings in behavioral economics can help us to be better marketers. The way humans think, what influences us, and how we make decisions are essential to effective marketing. Of course, there are inherent behaviors that we are aware of and put to use every day, from understanding the importance of social proof (customer logos can increase conversions by as much as 400%, according to Voices.com)...