Thursday 28 July 2011

Consumers don't make decisions how you think they do

Consumers don’t make decisions how you think they do.
Or at the very least, most marketers don’t act like they understand how consumers make decisions.
sweets - kid in a candy store... see what I did there?

My wife is very intuitive… or at least that’s what she says when confronted by me telling her she hasn’t thought something through properly. I’m the type of person that over analyses everything.
I’ve often scoffed at ‘intuitive’ people who make decisions on gut feel …By all means make decisions based on rules you’ve perfected over years of practise but making decisions based on some emotional hunch is just plain scary.
Except, apparently, this is the way we all make decisions. We do not analyse everything objectively. We do not rationally consider all of the factors in our paths. We are all intuitive decision makers.
A while ago (‘02) Daniel Kahnemann won the Nobel Prize for economics for work he did into this area. In a nutshell he claims.
The first step in decision making is intuitive. We narrow the options based on rules of thumb we have taught ourselves, and occasionally gut feels.
We avoid the weirdo rocking strangely on the tube since we know unpredictability on the late night train is seldom a good thing. We avoid unlit alleyways. Turn down the ‘can’t lose’ money making scheme our unreliable mate presents us with. We choose a wine in a certain price bracket (often foolishly) etc etc. None of these decisions is thought through to the minuteist detail. We generalise.
The second step may sometimes be rational and considered. But this by no means happens all the time. Most of the time we just do stuff on gut instinct. I correct my balance when I get to the edge of a cliff, I pull the money out of my pocket to pay for a Big Mac blah blah blah.
What is interesting is that individuals often claim to have done things for certain reasons when actually they did nothing of the sort… they were driven by emotions and generalisations (Heurisms).
A lot of communications companies focus on the consumer journey these days – and well they should, the consumer should be at the heart of everything we do etc etc. But these consumer journeys are more often than not constructed from claimed rationalisation rather than actual emotional drivers.
I just think it’s worth a thought that maybe we should be building some emotion and generalisation into our models… and maybe start thinking about how these generalisations are formed.
Ho hum. I found it interesting anyway. 

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