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Bad Decisions is the podcast that helps marketers understand why we choose what we choose, why we think what we think, and how to exploit this stuff for fun and commercial gain.... more
FAQs about Bad Decisions:How many episodes does Bad Decisions have?The podcast currently has 62 episodes available.
April 10, 2018Peak-End Rule: Why we all love a lolly bagWe’d like to think it’s all about the journey, but our brain prefers to remember the outcome. In this episode, Mel and Dan discuss the peak-end rule, and how neglecting to pay attention to the end could be costing you dearly....more21minPlay
March 27, 2018Sunk Cost: Why we behave so badly at the buffetEverybody makes bad decisions, but how do we make amends? Turns out our instincts often guide us to follow bad decisions with worse decisions. In this episode, Mel and Dan explore the sunk cost fallacy, and how knowing when to cut your losses can be the smartest decision of all....more21minPlay
March 13, 2018Default Bias: Why Australians take their organs to the graveWith thousands of decisions to make every day, wouldn’t it just be way easier if some of them were made for us? In this episode, Mel and Dan unpack how the default bias influences everything from binge-watching to voter turnout, and explain how marketers can become the Kleenex of their category....more21minPlay
December 26, 2017Licensing Effect: Why we order Diet Coke with our large Big Mac mealsEver gone shopping for someone else and decided you deserved a gift too? In this episode, Mel and Dan explore the dark side of altruism, and how the decisions we make are often guided by a desire to balance out our emotional states....more21minPlay
December 12, 2017Temporal Discounting: Why we want $10 today, not $15 tomorrowDespite our best intentions, selecting options that provide sensible, long term benefits over impulsive, short term ones, seems pretty much impossible. In this episode, Mel and Dan explore how our desire for instant gratification can be used to market products for today, as well as products for tomorrow....more17minPlay
November 28, 2017Anchoring: Why we spend too much on BBQsWhen we’re trying to determine the value of something, we tend to place far too much reliance on the first piece of information we stumble across. In this episode, Mel and Dan look at ways that pricing strategies influence our judgement, and how game shows make us feel like losers when we’re actually winning....more19minPlay
November 14, 2017Confirmation Bias: Why black Jeeps are everywhereTurns out we really love being right. So much so that our brains systematically ignore things that don’t fit with what we already believe to be true. In this episode Mel and Dan look at how marketers can make the most of what customers already believe. ...more20minPlay
October 31, 2017Social Proof: Why we knowingly make stupid choices with our friendsIf all of our friends jumped off a cliff, chances are we would too. Same goes if that cliff is a new restaurant, movie or fashion label. In this episode, Mel and Dan look at how our innate desire for social connection can be a marketer’s best friend....more21minPlay
October 17, 2017Endowment Effect: Why we always sit in the same damn seatCars, homes, pens, mugs - it doesn’t matter what it is - if it’s ours, chances are we'll think it's more valuable than it really is. In this episode, Mel and Dan look at why we're always going to be disappointed when we sell something second hand, and how marketers can make their products irrationally valuable in the eyes of consumers. ...more16minPlay
October 03, 2017Choice Paradox: Why it’s so hard to choose a hamburgerWe all want more choices, right? Well, no. Not according to the data anyway. In this episode Mel and Dan look at how choice can adversely affect our ability to make decisions, as well as what good marketers can do to tip things in their favour....more18minPlay
FAQs about Bad Decisions:How many episodes does Bad Decisions have?The podcast currently has 62 episodes available.