Behavioural Economics
Bri Williams is a marketer, presenter and author who specialises in behavioural economics. Her book, "22 Minutes to a Better Business; how behavioural economics can help you tackle everyday business issues" is available through the Blurb bookstore and you can follow Bri @peoplepatterns.

 

Learning from LinkedIn

Author: Bri Williams on

LinkedIn serves as a great example of behavioural principles applied to drive success. In case you are not one of the 150 million users worldwide (or 2 million in Australia), LinkedIn is a social networking site for professionals, and much of its success I believe is due to how it engages its users.


Well, another social media site is taking the world by storm. This time it's Pinterest, and it's generating business press because of phenomenal growth in site visitation.


The sweaty business of behavioural change

Author: Bri Williams on

Imagine you are watching a focus group. The topic is hygiene and in particular, how your gym can get people to wipe their sweat off the equipment. Low adherence to the policy has been causing complaints and some health issues around the club. The discussion goes as expected, with everyone agreeing they would feel revolted if they unknowingly used a machine that has not been wiped down, and all agreeing that they, of course, always wipe theirs off.


Taking the shot: How to overcome our innate fear of losing

Author: Bri Williams on

Is too much tennis barely enough? I have been pigging out on the Australian Open over the last couple of weeks, watching elite sportspeople do battle, pitting their physical and mental strength against that of their opponents. 


Converting browsers to buyers: Lessons from a food charity

Author: Bri Williams on

What's the cost of your favourite meal?  $10? $25? That is the question posed by WeFeedBack as part of a clever online App that turns charitable intention into donating behaviour and which serves as a great case study for businesses wanting to turn browsers into buyers.


A reading list for the Christmas break

Author: Bri Williams on

As we head into the Christmas break, I thought it would be worthwhile to note some of the books I have found most helpful on behaviour and behavioural economics. A word of warning though, once you read these books the Boxing Day sales will never seem the same.


Meet Santa: The master behavioural economist

Author: Bri Williams on
Just think, a jolly fat man in a red suit gets billions of people to spend billions of dollars on people they may only see once a year to commemorate someone else's birthday. This guy's a genius!

Should you charge customers an “explanation fee”?

Author: Bri Williams on
Retailers are doing it tough. Shoppers are coming in, speaking at length with the shop assistant about what the widget does and does not do, only to then leave the store and buy the widget cheaper online. What's a retailer to do? How do they provide customer service but not lose the sale?

How private labels are lulling us into higher prices

Author: Bri Williams on
There has been quite a bit of press lately about the rise of private labels (house brands) in Australian supermarkets like Coles and Woolworths, and speculation about what this means for brand manufacturers.

Unblocking the sale

Author: Bri Williams on
One of the biggest barriers to purchase is fear that you are going to miss out on a better deal. As consumers we sweat the price, wondering whether we should hold off and wait for the item to go on special. But as businesses, we want to lock in the sale today, so how can you unblock your customers to get them to buy?


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