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Behavioural Insights and Radical Innovation
CBS Public-Private Platform – May, 18 Mikkel Brok-Kristensen:
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RED ASSOCIATES Copenhagen & New York At ReD, we put a deep understanding of real people back at the center of business decision-making. Our teams solve some of today’s hardest problems.
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We believe in the value of being there, observing and understanding
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Jealous / annoyed
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1 Behavioural Economics
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It is making basic sense
2 It is making basic sense
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3 $ ≠ Insights is not impact, and to a lot of people social sciences are far too often offering only understanding, rather than implications
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4 It gives a simple starting point: rules
Halo effect Loss aversion Framing effect Endowment effect Social proof Optimism bias Insights is not impact, and to a lot of people social sciences are far too often offering only understanding, rather than implications
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ie. people tend to avoid the largest
Screen presentation: N/A Printed report: Front cover for “Letter of Proposal” or ”White Paper”
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Potential for radical innovation?
Screen presentation: N/A Printed report: Front cover for “Letter of Proposal” or ”White Paper”
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