Thursday, December 5, 2013

Admen have made a marketing guru of Daniel Kahneman

http://www.economist.com/news/business/21591165-admen-have-made-marketing-guru-daniel-kahneman-prizewinning-psychologist-nothing-more


Behind Cadbury’s simian success was an unlikely inspiration: Daniel Kahneman, a psychologist who won a Nobel Prize in 2002 for showing that people are not the rational agents that economists had thought they were. He argues, most famously in “Thinking, Fast and Slow”, a 2011 book popularising his work, that the mind (human, that is, not gorilla) incorporates two systems: an intuitive “system one”, which makes many decisions automatically, and a calculating but lazy “system two”, which rationalises system one’s ideas and sometimes overrules them. For Mr Kahneman’s disciples advertising is above all a way to groom system one, to nudge consumers towards a buy.