Grumpy

What is the point of being grumpy? An ailing father is mad at his son because he could not join him for Thanksgiving. An employee is grumpy with his co-founder for working extra hours. An investor is unhappy with his portfolio for missing the quarter MAU. A customer is grumpy for poor vendor because he …

Paper: On product customization and customers willing to pay more

I was reading this behavioral economics paper [PDF] On product customization and customers willing. It cites how our bias plays its role (endowment effect, IKEA effect) and why credit card companies, E-commerce giants stress on personalized care and recommendation. Why we end up paying more for the customized coffee mug and feel worse if it …

Worry

Marketers and other emerging professions are reaping profit from our worries. Do Yoga for a stress-free day. Avoid sugar or get diabetes. Eating meat causes heart disease. Gym every day to fight obesity. Eating tobacco causes cancer. These signals and messages receive more attention. Psychologists cite that worry trumps over sex in seeking our brain’s …