Behavioral Economics How many brands and labels can you remember? - - PowerPoint PPT Presentation

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Behavioral Economics How many brands and labels can you remember? - - PowerPoint PPT Presentation

No Time To Train Introduction to Behavioral Economics How many brands and labels can you remember? Look at the following slide for 15 seconds. 1. In 45 seconds, write down as many labels and 2. brands as you can remember from the picture. No


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SLIDE 1

Introduction to Behavioral Economics

No Time To Train

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SLIDE 2

How many brands and labels can you remember?

1.

Look at the following slide for 15 seconds.

2.

In 45 seconds, write down as many labels and brands as you can remember from the picture.

No Time to Train | August 2

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SLIDE 3

No Time to Train | August 3

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SLIDE 4

 What brands

did you remember?

No Time to Train | August 4

Photo by iStock

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SLIDE 5

 Look back to the

  • picture. Which shelf

do most of the items and brands you remembered appear on?

 Why were these the

items you saw and remembered most?

No Time to Train | August 5

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SLIDE 6

 We notice and remember items placed in

front of us at eye level.

  • Easy to see
  • Easy to reach
  • This becomes our

default setting.

No Time to Train | August 6

Photo by iStock

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SLIDE 7

 In the language of behavioral economics,

these factors are called Visibility and Convenience, and they influence consumers’ choices of everything from snacks to cars to political candidates.

  • Choices influenced by environment
  • Most choices are so subliminal they seem automatic
  • Very hard to “out-think” this tendency, even if you

are aware of it

  • Change your environment = change your habits.

No Time to Train | August 7

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SLIDE 8

 Use these powers for good!

  • The Cornell B.E.N. Center researches how behavioral

economics influences students’ food choices

 Use BE to promote healthy foods

  • Make healthy choices visible, convenient, and

appealing to students

  • Students select, eat, and enjoy

healthy school food

 Smarter Lunchrooms

Makeovers

No Time to Train | August 8

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SLIDE 9

No Time to Train | August

Learn more: SmarterLunchrooms.org

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