Some of the most successful businesses implement behavioural economics techniques across many projects including sales, design and customer retention to meet their objectives. They demonstrate the effectiveness and return on investment of interventions by testing and measuring their impacts.
Covering topics such as irrationality, misbehaviour, scarcity and influence, this highly-interactive course allows delegates to take away techniques that are sure to improve decision making from customers, colleagues and stakeholders.
Behavioural economics expert, Andy Pemberton, will guide delegates through key behavioural economics methodologies and ensure that those attending leave the day with an action plan to implement key techniques into their business.
|About the Trainer: Andy Pemberton|
|Andy Pemberton is a content expert with international experience. He edited Q magazine in London; launched Blender magazine in New York, which won Ad Age’s Launch of the Year; and edited Spin magazine. He has written for the New York Times, GQ, Esquire, Sunday Times, The National (Dubai) and the world’s largest newspaper, Times of India. He writes columns for Yahoo.com and the US Huffington Post, and trains social media, data visualisation and content strategy. He has worked as a content consultant for the RNLI, Time Out, BT and more. As a leading data visualisation expert he includes the UN, the World Food Programme and Aviva among his clients. He is a judge at this year’s British Media Awards.|
- Understand the key methodologies in behavioural economics; such as, nudge theory, irrationality and scarcity
- Discuss the concept of misbehaviour and how it plays into workplace dynamics and outcomes
- Delve into the theory of influence and how you can make easy changes to improve your own influence
- Know how to get people to do things they are reluctant to do, for the benefit of your business
- See how behavioural economics can easily be integrated into your practice, across communications, product development, sales, marketing and much more
Registration and Morning Refreshments
Trainer’s Welcome and Learning Objectives
Getting People to Do Things They Don’t Want to Do
- Fundamentals of behavioural economics and how this impacts our working lives
- Discussing human behaviour: expectation vs. reality
- Reviewing common examples of behavioural economics both in and out of work
Being Irrational: Are You Predictable or Exuberant?
- Why do smart people make bad decisions? Looking at the ways in which irrationality influences decision-making
- How expectations influence our opinions and decisions
- Delegates with conduct ‘experiments’ such as the Irrationality Game to understand why people are irrational and how to measure it
WORKSHOP: The Benefits of Misbehaving
- Can bad behaviour benefit your team?
- Discussing how listing benefits often isn’t enough to motivate people to complete a task or develop positive behaviours
- Playing it Unsafe: The case for incentivising risk-takers
- Framing failure being as important as success
- Delegates will create a list of hypothetical situations where misbehaviour could be beneficial in their workplace
WORKSHOP: Nudge Theory – Getting People to Do Things Without Them Knowing That They’re Doing It
- Brief overview of Nudge Theory and how it can subtly impact people’s behaviour
- Opt-in vs. Opt-out: Which protects people more? How can these be applied in an everyday workplace culture?
- The ethics of nudge
- Reviewing real-life case studies
- Delegate will be invited to engage in a scenario and suggest nudge principles in achieving mutually beneficial outcomes
Why Having Too Little Means So Much
- Delving into the topic of scarcity and how it is just another tool to be utilised, rather than a concept to be feared
- How to perfectly balance the impulses of heart and head: It doesn’t have to be a battle
- Making the leap from the personal to the universal: Analysing ‘what’s good for me is also good for everyone’
- Real-life applications of scarcity, how to leverage it, create it and make people comfortable with it
WORKSHOP: The Science and Practice of Influence
- Widening your arsenal: It’s not just about compliance
- Discussing the key tenants of influence, such as:
- Social Proof
- Delegates will audit their own current influence and 3 ways in which they can improve their influence, when returning to work
Creating you ‘Behavioural Toolkit’
Delegates will be invited to reflect upon the day’s learning and create a bespoke toolkit of the key behavioural techniques, that they can apply in their individual workplace or working-life.