How to use behavioral economics in sales? Nudging customers to buy. The science of decision making. #Sales #Psychology #Business #Marketing #CorporateLife #CinemaInsights #Rights #PersonalGrowth #LifeLessons #tatasierra #viralreels #reelsvideo #BusinessStrategy #SuccessMindset #CinemaInsights ​#humor | Cinema Insights

Nudging Society to Better Decisions #GreshamLecture We often think that psychological biases worsen decision making - but they can also be harnessed for good. This talk will discuss how “nudging” can help citizens make better decisions. For example, due to “status quo bias” (inertia), auto-enrolling employees into a pension makes them more likely to save. Due to “loss aversion”, punishments for smoking can be more effective than rewards for not smoking. Due to “hyperbolic discounting” (impatienc