Why these irrational prices actually work
Nudge4 Mar 2024

Why these irrational prices actually work

Every year $342 billion is spent on bottled water. And yet, for many of those customers a safer version, that tastes the same, is 300x cheaper. Our collective thirst for bottled water is largely irrational. It doesn’t make sense. But so, it seems, are the pricing strategies of several major brands, from fashion, to food, to flights, irrational prices often trump rational approaches. Today, Melina Palmer, host of the Brainy Business, explains why irrational prices surprisingly sell. Melina’s podcast: https://thebrainybusiness.com/ Melina’s book (with free chapters): https://thebrainybusiness.com/nudge Fiji ad: https://tinyurl.com/yufdwdj9 Cleveland Utilities Response: https://tinyurl.com/4hhh45wj

Episoder(290)

How this indie movie used psychology to beat Hollywood

How this indie movie used psychology to beat Hollywood

97% of independent films fail. Boiling Point did not. Today, I chat with executive producer Paul Mellor to learn how this movie applied psychological principles to outperform its peers and compete aga...

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Why naming a dish “field-grown” doubled sales

Why naming a dish “field-grown” doubled sales

How would you encourage sustainable behaviour?  You might assume logical messages work best.  Stuff like “the average three-hour flight creates ~250–400 kg of CO₂”.  But today’s guest on Nudge has ...

21 Jul 202526min

Three tricks Super Mario uses to keep gamers hooked

Three tricks Super Mario uses to keep gamers hooked

Super Mario Bros is 40 years old. It’s an incredibly simple game (it takes up the same memory as a smartphone wallpaper), yet it’s incredibly popular. Over 40 million people have played it. Why? Becau...

14 Jul 202521min

This single text made girls 45% more likely to get vaccinated

This single text made girls 45% more likely to get vaccinated

Can one text message save 100s of girls from cervical cancer? Today on Nudge, Niall Daly and Dr Giulia Tagliaferri discuss their county-wide study involving 55,000 girls. Their experiment had some eye...

7 Jul 202522min

A surprisingly effective way to persuade (almost) anyone

A surprisingly effective way to persuade (almost) anyone

It’s a psychological principle that helped end South African apartheid.  It reversed the Pope’s declining popularity.  It reduced university students’ binge drinking by 30%.  And can predict romant...

30 Jun 202525min

I debunked psychology’s greatest myth

I debunked psychology’s greatest myth

I interviewed 60 Brits to debunk one of psychology’s greatest myths. Priming is one of the best-known biases in behavioural science. Kahneman mentions it 35 times in his best-selling book Thinking Fas...

23 Jun 202525min

The surprising true story behind “the greatest ad ever made”

The surprising true story behind “the greatest ad ever made”

Most marketers will remember Apple’s 1984 ad.  Many consider it the “greatest ad of all time”.  But you probably don’t know that just 12 months earlier, Apple released a similar ad that failed.  Wh...

16 Jun 202526min

Instagram failed until it made THIS simple change

Instagram failed until it made THIS simple change

Instagram wasn’t always a runaway success. The first version of the app flopped.  However, the Instagram founders were taught a behavioural science model that transformed their work.  Today on Nudge...

9 Jun 202526min

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