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Buyology
Chapter 1
• What determines which information makes it
  into our consciousness, and what ends up in
  our brains’ industrial dump?
• If marketers could uncover what is going on in
  our brains that makes us choose one brand
  over another—what information passes
  through our brain’s filter and what
  information doesn’t—well that would be key
  to truly building brands of the future
• Neuromarketing, an intriguing marriage of
  marketing and science
• Buyology—the subconscious thoughts,
  feelings, and desires that drive the purchasing
  decisions we make each and every day of our
  lives
• Buyology is the beginning of a radical and
  intriguing exploration of why we buy
The Largest Neuromarketing Study
           Ever Conducted
• fMRI (functional Magnetic Resonance
  Imaging) scanner
• fMRI measures the magnetic properties of
  hemoglobin, the components in red blood
  cells that carry oxygen around the body
• A neuromarketing Study is conducted on
  smokers
• Aim of the study was to find out the effect of
  Graphic Warning on Cigarette Packs
• The participants for the study included 2,081
  volunteers from America, England, Germany,
  Japan, and the Republic of China
Results of the Study
• Warning labels on the sides, fronts, and backs
  of cigarette packs had no effect on
  suppressing the smokers’ cravings at all
• In other words, all those gruesome
  photographs, government regulations, billions
  of dollars some 123 countries had invested in
  nonsmoking campaigns, all amounted, at the
  end of a day, to, well, a big waste of money

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Buyology

  • 2. Chapter 1 • What determines which information makes it into our consciousness, and what ends up in our brains’ industrial dump? • If marketers could uncover what is going on in our brains that makes us choose one brand over another—what information passes through our brain’s filter and what information doesn’t—well that would be key to truly building brands of the future
  • 3. • Neuromarketing, an intriguing marriage of marketing and science • Buyology—the subconscious thoughts, feelings, and desires that drive the purchasing decisions we make each and every day of our lives • Buyology is the beginning of a radical and intriguing exploration of why we buy
  • 4. The Largest Neuromarketing Study Ever Conducted • fMRI (functional Magnetic Resonance Imaging) scanner • fMRI measures the magnetic properties of hemoglobin, the components in red blood cells that carry oxygen around the body • A neuromarketing Study is conducted on smokers
  • 5. • Aim of the study was to find out the effect of Graphic Warning on Cigarette Packs • The participants for the study included 2,081 volunteers from America, England, Germany, Japan, and the Republic of China
  • 6. Results of the Study • Warning labels on the sides, fronts, and backs of cigarette packs had no effect on suppressing the smokers’ cravings at all • In other words, all those gruesome photographs, government regulations, billions of dollars some 123 countries had invested in nonsmoking campaigns, all amounted, at the end of a day, to, well, a big waste of money