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032: Joe Gladstone on the 'Pay What You Want' Pricing Model and Using Big Data to Understand You Better

032: Joe Gladstone on the 'Pay What You Want' Pricing Model and Using Big Data to Understand You Better

FromEconomic Rockstar


032: Joe Gladstone on the 'Pay What You Want' Pricing Model and Using Big Data to Understand You Better

FromEconomic Rockstar

ratings:
Length:
46 minutes
Released:
May 14, 2015
Format:
Podcast episode

Description

Joe Gladstone is an academic researcher and consultant based at the University of Cambridge, where he applies insights from behavioural economics and psychological research to better understand consumer behaviour.
Joe partners with some of the world’s largest corporations, such as Twitter, Bupa and Visa, as well as government departments, to tackle challenges that deal with behaviour change.
Joe's views on consumer behaviour have been featured in the BBC, Forbes, The Huffington Post and other media outlets.
Joe is founder of BE-events.org and BE-Recruit.com.  He received his Masters from Oxford University and his Phd from Cambridge University, and has been awarded a range of competitive grants and prizes.
Find Out:

about the link between the discipline of psychology and economics.


why Joe decided to do postgraduate research in behavioral economics.


how advances in technology, especially in social media, can help behavioral scientists understand human behaviour better.


why you do not know how much you spend on coffee.


how Joe has identified the relationship between psychology and money.


how Joe has used the ‘My Personality’ app to predict your personality from what you like.


how companies can use ‘Big Data’ to target messages directly to you.


why people are willing to pay for services that they could otherwise get for free.


if TIDAL will disrupt the online music industry by taking control of their own music.


if Spotify risks losing out to TIDAL.


how important is the price of zero?


how the ‘Pay What You Want’ pricing model defies classical economic theory.


why people pay even if they are given the option to take the product for free.


how Radiohead made more in sales when offering their album on a ‘Pay What You Want’ basis.


if the ‘Pay What You Want’ model is sustainable for a business in the long run?


how Jon Bon Jovi has successfully implemented the ‘Pay What You Want’ model in his Soul Kitchen restaurant in New Jersey.


how sitting with strangers to eat in Soul Kitchen can ‘nudge’ diners to pay more than what they were initially willing to pay.


about Joe’s passion for financial literacy and financial empowerment.


if you can become immune to nudging by having a deeper understanding of it.


if knowledge prevents you from being nudged.


about behavioral economics events that could be going on in your area with BE-event.org.


how Joe maximises his time by outsourcing his work on oDesk.


and much, much more.


Check out the shownotes page to this episode at www.economicrockstar.com/joegladstone


Subscribe to the Economic Rockstar podcast on iTunes and never miss an episode.
Released:
May 14, 2015
Format:
Podcast episode

Titles in the series (100)

Economic Rockstar is created for you, the economist, financial analyst, teacher or student. If you are looking to expand your knowledge in economics and finance, Frank Conway delivers the information you just don't want to miss. Economic Rockstar brings to you each week an economist, financial analyst or business leader who shares their experiences, research interests or ideas. Hear their views on different schools of economic thinking - Chicago, Austrian, Keynesian and Classical, behavioral economics, stock markets, and how economics and finance can be used in our everyday lives. Economic Rockstar interviews top-level lecturers and academics from highly renowned universities, best-selling authors and bloggers, inspirational CEOs and business leaders, as well as amazing and thought-provoking people who have recently discovered economics and finance and are carving out a career in their new-found passion. Guests in each episode gives us wonderful advice, takeaways and insights that will help you become part of the Economic Rockstar community which is 'Connecting Brilliant Minds in Economics and Finance'.