Behavioral Economics: Three Tips to Better Questionnaires

By now everyone knows that the curiosity of two Israeli psychologists – Daniel Kahnemann and Amos Tersky – about how people make decisions spawned an entirely new discipline: behavioral economics. Behavioral economics recognzes that we are not rational beings; we are influenced by irrelevant things and make inefficient decisions. Marketing research, being a study of […]

Predictive analytics: Is there a price to pay?

Predictive analytics is very much in demand these days. What exactly is it? Predictive analytics is the same as the multivariate analysis we have been doing all along. The only difference is that in traditional analysis we have to explain the relationships we identify and in predictive analytics we don’t. Suppose we find that when […]