Transcript
Phil Agnew (0:00)
Lets start today's episode with a quiz question. Are there more words in the English language that start with the letter K? Or are there more words in the English language with K as their third letter? So, starting with K or K as the third letter, I'll give you a few seconds to think. Now, chances are you think there are more words than that starts with the letter K. That is what most people think when they are asked this question. But the opposite is true. There are more than twice as many words that have K in the third position. Then start with the letter K. So why do we all get this wrong? Well, according to Rolf Dobelli, it's because we can quickly think of words beginning with K far more quickly. They are more available to our memory and this is known as the availability bias. Dobelli writes how we create a picture of the world using examples that come most easily to mind. This is absurd, of course, because in reality things don't happen more frequently just because we can conceive of them easily. I've known about this bias for a while, but I've never seen it used in an advert. Especially not an advert like this.
Narrator/Ad Voice (1:12)
What is Australia's deadliest predator?
Phil Agnew (1:15)
Learn about the nudge that persuaded Australians to stop speeding after this short break. Being a know it all used to be considered a bad thing, but in business, it's everything. Because right now most businesses only use 20% of their data. Unless you have HubSpot. HubSpot transforms data that is buried in emails, call logs and meeting notes into insights that can help grow your business. Because when you know more, you grow more. And I think that's an example where being a know it all isn't so bad at all. Visit HubSpot.com today to learn more. Hello and welcome to Nudge. Now, I had never seen the availability bias used in an ad before, but today's guest on the show has.
Adam Ferrier (2:00)
I'm Adam Ferrier. I'm a consumer psychologist and co founder of a creative company called Thinkerbell.
Phil Agnew (2:06)
Adam's known about the availability bias for years.
Adam Ferrier (2:09)
I studied psychology and commerce at university and then did my master's in clinical psychology on identifying the underlying constructs of cool people. I started my career in the prison system, became a cool hun, then went to Satchi and Saatchi for a year, then started Naked Communications in the APAC region, sold that and then started Thinkerbell about eight years ago. Thinkerbell's got about 200 people. We practice what we call measured magic, which is marketing sciences meets Hardcore creativity. And our purpose is to unleash measured magic into the world to keep things interesting.
