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Simon Lambert

๐Ÿ‘ค Speaker
967 total appearances

Appearances Over Time

Podcast Appearances

This is Money Podcast
Are we about to become a nation of investors?

OK, so this was the real deal.

This is Money Podcast
Are we about to become a nation of investors?

They were attempting to do this.

This is Money Podcast
Are we about to become a nation of investors?

And when you went down the meat aisle, for example, in the pork section, was there a pig oinking or did they steer away from that?

This is Money Podcast
Are we about to become a nation of investors?

Fair enough.

This is Money Podcast
Are we about to become a nation of investors?

So other than cows mooing and hens clucking,

This is Money Podcast
Are we about to become a nation of investors?

We've got some interesting stuff here.

This is Money Podcast
Are we about to become a nation of investors?

We've got dynamic pricing.

This is Money Podcast
Are we about to become a nation of investors?

Now, dynamic pricing obviously exists in lots of different places and is highly controversial.

This is Money Podcast
Are we about to become a nation of investors?

But digital labels on the shelves.

This is Money Podcast
Are we about to become a nation of investors?

So at different times of day, the price could change.

This is Money Podcast
Are we about to become a nation of investors?

Toby gives the example of you're in there on a Friday evening.

This is Money Podcast
Are we about to become a nation of investors?

you're sort of undecided should you pick up that bottle of rose is it a pink wine evening and then all of a sudden the price drops in front of your eyes you're like oh yep i'll have that um but they could use it at quieter times they could use it at busier times they could do it when it's hot outside you know it's middle of the day the ice cream's uh cheaper to try to encourage you to buy it when it's really hot or maybe the ice cream is more expensive because you're more likely to buy it they could start playing around with this stuff but the absolute best one in here

This is Money Podcast
Are we about to become a nation of investors?

shopping trolley handles.

This is Money Podcast
Are we about to become a nation of investors?

Now, this is based on a genuine piece of research that does appear to stack up by Bayes Business School in London that suggests that by adding looped parallel handles either side of a shopping trolley, shopping is more enjoyable and could prompt you to spend 25% more.

This is Money Podcast
Are we about to become a nation of investors?

The research, which involved monitoring 2,359 shoppers over a three-day period, so that's quite a lot of people,

This is Money Podcast
Are we about to become a nation of investors?

with half having traditional handles and the other with the adapted design, showed how the modifications seem to encourage shoppers to buy more.

This is Money Podcast
Are we about to become a nation of investors?

And it's based on a psychology theory about triceps versus biceps.

This is Money Podcast
Are we about to become a nation of investors?

Oh, my word.

This is Money Podcast
Are we about to become a nation of investors?

So...

This is Money Podcast
Are we about to become a nation of investors?

Consumer psychologist Nisa Bayinda explained, the use of triceps when pushing a trolley is associated with a sense of rejection.