Swiss skeptics published their final discussion paper for 2016. It’s about consumer behavior and cognitive biases. The abstract says:
As consumers, we are rational in principle, but all too often irrational in practice: A number of so-called cognitive biases impact our rational decision-making. Our tendency for irrational decision-making is compounded by marketing, which is little more than the art of exploiting cognitive biases. Cognitive biases affect consumer behavior on two dimensions, preference genesis and preference order.
Prevalent though they are, cognitive biases in consumer behavior are not inevitable. There are two general strategies for reducing the impact of cognitive biases: Debiasing and self-nudging.
Download the paper directly from here:
Kovic M., Laissue N. – Consuming rationally: How marketing is exploiting our cognitive biases, and what we can do about it – Swiss Skeptics Discussion Paper Series Volume 1, Issue 3