Understanding Behavioral Economics in Marketing: Influence and Decision-Making
Behavioral economics is the study of how people make decisions and how they are influenced by various factors. It combines insights from psychology, sociology, and economics to understand how individuals behave in real-world situations. In marketing, understanding behavioral economics can help businesses create more effective campaigns, products, and services that resonate with their target audience. In this article, we will explore the key principles of behavioral economics and how they can be applied in marketing....