Brain scan data: “you get what you pay for”
January 14th, 2008 | Published in Emergent Tactics, Strategic Planning
Stephen Shankland shares an interesting Cal Tech – Stanford B. School study:
… researchers found that with the higher priced wines, more blood and oxygen is sent to a part of the brain called the medial orbitofrontal cortex, whose activity reflects pleasure.
I recommend you click through to read Stephen’s summary. It’s a nice data rich confirmation of common pricing strategy practices.
In related news, my rates have just gone up!
[tags]CNET, underexposed, Hilke Plassmann, John O’Doherty, Baba Shiv, Antonio Rangel[/tags]