memory class notes Flashcards
memory is important for marketing
Measured as indicator of brand equity
Ccm ad→ top of mind
Can measure brand associations too
One way to measure brand strength is through top of mind
Advertising goes into brand equity→ do people remember advertising for brands?
But consumers have poor memory
Ex of the superbowl
People remember the ads but not the source
Marketers called people 3 days after the superbowl and asked what commercials/brands they remembered being advertised
After 45 brands being shown people can only ember 3-4 of the brands
Mauve something to do with super bowl? Maybe the game is so exciting that they dont watch the ads
Brands have also sponsored the olympics, when people are asked what brands are sponsoring it: people don’t remember brand information
Eyewitness identification→ people have low memory for eyewitness identification
Video lecture summary
Memory is important
Brands, people
Memory is flawed
Interference, confirmation, sleeper effect
Memory can be improved
Chunking, retrieval cues, mood, recirculation, imagery
Sleeper effect + repetition + confirmation bias + loss aversion
Remember the message not the source
Rumours don’t depend on who says it
Covid rumours
Repetition: forwarding
Confirmation bias: algorithm
Loss aversion: negative information
Most of these rumours are negative things
brand scandal
Source doesn’t matter, content matters
improve memory
imagery/ visual memory
Infographic summaries of books
Managers can put in retrieval cues→
“ as seen on tv
postcards/ emails
Gratitude journals
there at the time of exposure and there at the time where they want people to remember
As seen on tv are examples of retrieval cues
Costco has sample tables
Want repeat business → people forget if they had a good time, they must remember the good time they had
When i go for a concert → Emails after events → popups saying you went to the show and show pictures of the show
Emails bring pack positive memories → positive memories justify high ticket prices , might motivate consumers
Gratitude journals
Retrieval cues with wiritng
- write down at the end of the day three things that went well during the day→ retrieval cues for good things in your life (counteracts loss aversion, counteracts upward social comparison )
Improved mood
Improved life satisfaction
Control vs experimental group of gratitude journals→ they found if you use it regularly it improves grades, happiness, etc
Types of memory
Sensory, short term, long term
Snensory
Vision, hearing, smell, taste , touch
5 channels of input→ why not use all 5
Open wrd and type something quickly, theres a lag and the sentences come: snensory is that buffer in the mind
short term memory
From sensory goes to short term
Stays in short term for a few mins
Bottleneck
Capacity limitation of short term memory
Experiment with numbers
7+- 2 units of information→ unfamiliar, unrelated
Capacity is more for visual information
Long term memory: two types
autobiographical
semantic
autobiographical
Personal experiences
Marketers should encourage customer participation
Not passive participation rather active participation
People who actively participate will remember the good times more
Easier to retrieve autobiographical memories with pictures
At disney, they have the photographers walking around: its a revenue stream for disney but maybe should give some away for free
Consumers should take as many pictures are possible to remember
negative effects of pictures
Negative effects of picture taking: now people take pictures everywhere and at any moment→ study they ddi says picture is good for memory but bad for the purpose of posting on social media→ people may get stressed and distracted form event
Christmas album study: two groups and have to take a bunch of pics during christmas. One group was told that the pictures were being posted and the other were told that the pics were private. Found that those who thought they were gonna be posted, enjoyed christmas less. More enjoyment when taken for personal
Happens bc social media postibgcreates anxiety and distracts them from enjoying
consumers and phones
put your phone away, use photos taken by marketers
Dot have picture posting goal when taking pictures
Take polaroid camera to event
Appoint a designated picture taker in the group and rotate responsibility for taking pictures
marketers and pictures
Forbid phone camera
have picture taking zones
Provide professional photographers
Use phone locking boxes during the event