Mr Scheier, from the point of view of the neuropsychologist, why do we buy what we buy?
There are two independent factors at work here: on the one hand, the reward that we expect to get and on the other the pain we expect to feel because of the price we have to pay for it. Take discounts, for instance: they don’t increase the reward, but they do ease the anticipated pain. Some markets target pain relief, but as soon as a company starts getting involved in price wars, its customer loyalty starts to wane. This is why it is vital for companies to leverage the reward dimension rather than the pain relief factor - although the latter is often a knee-jerk reaction.
So rewards always satisfy a need?
It’s impossible to stimulate a need that doesn’t exist. Either the motivation is there, and it can be addressed, or it isn’t, in which case it’s well-nigh impossible to motivate people. For a long time we were under the impression that we were mere slaves that could be easily manipulated by the advertising industry. In fact, the exact opposite is the case. The reward that a company offers has to tie in with a need that is already there. If a shower gel that is also a body lotion works in the marketplace, that makes it an innovative product, but one of the reasons it works is that people already have a particular need for it, even if it is only a latent one. And that need can be expressed as "I want to be able to have a shower and put on body lotion in one go."
We are all aware that things around us are constantly changing – is this true in the digital age as well?
People change less than they think they do. It is often said of millennials that they are different and are undergoing constant changes. From a neuropsychological viewpoint that isn’t the case, as a host of studies have shown. Our brain changes over a period of tens of thousands of years, not in the course of a generation. While it’s true that new media - especially smartphones - draw people’s attention away from more traditional media outlets, people’s attention span is still the same as it was 100 years ago.