Wasting time - we all do it. An email arrives that interrupts what we were doing, and we decide to deal with it “just to get rid of it”. Meanwhile a half hour later, we’ve lost our focus, barely get back on track and another interruption hits. Welcome to the workday of many. Layer on top of it the multiple story lines developing on Facebook with friends or family, and … [Read more...]
Archives for September 2013
Behaviour economics challenged: What if gym members had to pay more if they don’t work out? And how about pre-browsing Facebook to select your airplane seatmate?
Often fitness memberships are seen as sunk costs, especially if paid at the beginning of the year. But behaviour economics tells us that people are more motivated by immediate consequences than by future possibilities. So what if you turned the business model on it ear? That’s exactly what a couple Harvard grads did in 2011 with Gym-Pact. They offered customers … [Read more...]
