Neuroscience
is the study of human nervous system, including the brain, its anatomy, functions, and the peripheral system it controls
Consumer neuroscience
points out to the academic approach to employ the knowledge and methods of neuroscience and psychology to understand consumers
Designing online hooking experience
Models of Consumer Decision-making and Choice
Brain areas
Frontal lobe
Parietal lobe
Occipital lobe
Temporal lobe
GESTALT =
UNCONSCIOUS LEARNT CONSTRUCTION
Two kinds of information encoded into the objects
Deliberating and analyzing
Reflexive implicit decisions:
Both the trigger and the resulting choice are nonconscious and automatic.
Intuitive implicit decisions:
we’re aware of making the choice, but we can’t quite determine why or how we made it.
Explicit decisions
result from conscious deliberation: the mental activities of planning, reasoning, evaluating, simulating, and, of course, the experience of deciding itself.
Value-based decision-making model
Valuation systems
Pavlonian
Indirect route: emotional connections, nonconscious processing, affective conditioning – association building;
Habitual
HABIT – automatic behavior triggered by situational cue – we do things with little or no conscious control. Not too far from addiction, but addiction is self-destructive.
Endowment effect
The endowment effect describes a circumstance in which an individual places a higher value on an object that they already own than the value they would place on that same object if they did not own it. Endowment effect can be clearly seen with items that have an emotional or symbolic significance to the individual.
Default effect
Setting the default affects how likely people end up with an option. This is called the default effect. More precisely, it refers to changes in the probability that an agent chooses a particular option when it is set as a default as opposed to the situation where this option has not been set as default.
Choice paralysis
4 criteria that motivate consumers to buy while reducing choices
Constraining factors in consumer
decision-making:
time, degree of information, cognitive capacity