Podcast | Brandwidth® Episode 14: Costly Signalling Theory and Behavioural Science in Marketing
In this episode of the Brandwidth® Podcast, BizWisdom’s Sam McEwin joins Brandwidth cohost and brand strategist Dean Millson to discuss:
- Traditional Economic Theory vs Behavioural Economic Theory
- Behavioural biases - the shortcuts our minds use to make decisions and what it means for marketers
- Costly Signalling Theory and examples in life and marketing
Why a brand is a costly signal - Loss aversion and its roots from our evolution
- Signalling in a B2B context
- Heuristics