The Irrational Consumer: Applying Behavioural Economics to Your Business Strategy, 1st Edition (Paperback) book cover

The Irrational Consumer

Applying Behavioural Economics to Your Business Strategy, 1st Edition

By Enrico Trevisan

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156 pages

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Purchasing Options:$ = USD
Paperback: 9781138274112
pub: 2016-09-09
$59.95
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Hardback: 9781472413444
pub: 2013-09-28
$74.95
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eBook (VitalSource) : 9781315556543
pub: 2016-03-09
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Description

Companies of all kinds have fallen into some of the most fundamental of traps when it comes to consumer marketing; in assuming that the motivation that drives their customers is entirely rational. Enrico Trevisan's The Irrational Consumer builds on the ground breaking works on behavioural economics of authors such as Daniel Kahneman and Richard Thaler in order to explain the fundamental drivers of customer decisions and how to incorporate these into your business strategy. Learn how consumers respond to different offer architectures and discounts; why they sometimes struggle to see the wood for the trees in a world of ever-increasing options; what are the rules of thumb they develop for making sense of value. Behavioural economics offers organizations perspectives for engaging with customers, whose views on what to buy are strongly driven by contextual factors, such as the framework and the dynamics of choices. Enrico Trevisan's The Irrational Consumer is your 'must-have' primer to this world.

About the Author

Enrico Trevisan, a recognised expert in pricing and behavioural economics, is Partner at Simon-Kucher & Partners, the world leader in price consulting. Author of Value Pricing, Selbstbindung: Ein vernachlässigtes Phänomen in der Strategieforschung and a number of articles focused on behavioural economics, strategy and marketing, he is in high demand as a conference speaker around the world. Enrico Trevisan studied Political Science at the University of Turin, he holds a Master Degree in Business Research from the University of Munich and a Ph.D. also from the University of Munich in Strategic Management and Organizational Theory, with a focus on Behavioural Economics.

Subject Categories

BISAC Subject Codes/Headings:
BUS063000
BUSINESS & ECONOMICS / Strategic Planning