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Spot
the
terrorist
                      


•    Law

•    Finance

•    Engineering

•    Islamic
Studies

•    French


                          2


Gambetta and Hertog write about a particular mind-set among engineers that disdains
 ambiguity and compromise. They might be more passionate about bringing order to
 their society and see the rigid, religious law put forward in radical Islam as the best way
 of achieving those goals. In online postings, Abdulmutallab expressed concern over the
 conflict between his secular lifestyle and more extreme religious views. "How should
 one put the balance right?" he wrote.


Terrorist organizations seem to have recognized this proclivity—in Abdulmutallab,
 obviously, but also among engineers in general. A 2005 report from British intelligence
 noted that Islamic extremists were frequenting college campuses, looking for
 "inquisitive" students who might be susceptible to their message. In particular, the report
 noted, they targeted engineers.









The
sweet
spot
                      


   Technology
        
Psychology





          



Economics

IBM
at
Terminal
5

Two
problems
                            

•  MarkeAng
is
lacking
in
influence

•  Our
models
have
not
kept
pace
with
changes
in
the

   media
we
use
to
deploy
them

•  No
first
principles

Job
descripAon

•  To
turn
human
understanding

   into
business
advantage.

•  Two
raw
materials:
insight
and
imaginaAon

The
difference….
              

Praxeology

The
lost
science:
a
new,
unified
way
of
looking
at
the
world

Time
for
a
new
vocabulary?

Where
to
find
it?

•  “The
best
books
about
adverAsing
aren’t
about

   adverAsing”.

•  “Whoever
discovered
water,
it
sure
as
hell
wasn’t
a

   fish”

A
few
new
phrases
                               

•  Availability
(mental
and
physical
distribuAon)

•  Signalling
–
(brand
personality)

  –  Handicap
(brand
quality;
the
brand
as
bond)

  –  HeurisAcs
&
biases
(sequencing
effects)

•  Framing,
comparison
and
context

•  Immediacy

  –  Loss
(SaAsficing
and
maximising)

Signalling:


Seduction is
not a form of
persuasion:
seduction is the
opposite of
persuasion.
Signalling
II:

•  SomeAmes
messaging

   needs
to
be
costly
and/or

   difficult
to
carry
real
meaning

InformaAon
Asymmetry
&
commitment

SaAsficing
vs
Maximising

A
problem


HeurisAcs

•    "Isn’t
more
informaAon
always
be_er?
In
economics,
Nobel
prizes
are
regularly
awarded
for

     work
that
assumes
that
people
make
decisions
as
if
they
had
perfect
informaAon
and
could

     compute
the
opAmal
soluAon
for
the
problem
at
hand.
But
how
do
real
people
make
good

     decisions
under
the
usual
condiAons
of
li_le
Ame
and
scarce
informaAon?
Consider
how

     players
catch
a
ball—in
baseball,
cricket,
or
soccer.
It
may
seem
that
they
would
have
to
solve

     complex
differenAal
equaAons
in
their
heads
to
predict
the
trajectory
of
the
ball.
In
fact,
players

     use
a
simple
heurisAc.
When
a
ball
comes
in
high,
the
player
fixates
the
ball
and
starts
running.

     The
heurisAc
is
to
adjust
the
running
speed
so
that
the
angle
of
gaze
remains
constant
—that
is,

     the
angle
between
the
eye
and
the
ball.
The
player
can
ignore
all
the
informaAon
necessary
to

     compute
the
trajectory,
such
as
the
ball’s
iniAal
velocity,
distance,
and
angle,
and
just
focus
on

     one
piece
of
informaAon,
the
angle
of
gaze.”


       
      
     
      
     
      
      
      
       
Gerd
Gigerenzer

Choice
architecture

Price
heurisAcs

Choice
architecture,
pt
2

Framing
‐

II

Context

Which
Is
Brighter,
A
Or
B?


Which
Is
Brighter,
A
Or
B?






                               27

Which
Is
Brighter,
A
Or
B?






                               28

Which
Is
Brighter,
A
Or
B?


A
Uniform
Grey
Strip?

A
Uniform
Grey
Strip?

A
Uniform
Grey
Strip?





                         32

A
Uniform
Grey
Strip?

Change
the
frame,
change
the
game

RelaAvity:
Framing
effects
                        

Selling
cars
offline

How
Changing
a
Bu_on
Increased
a
Site's
                                      

   Annual
Revenues
by
$300
Million

One
point
                           


•  Logic
won’t
tell
you
this

•  Research
won’t
tell
you
this

Another
two
problems

•  “People
don’t
do
what
they
say

   they
believe;
they
do
what’s

   convenient,
and
then
they
repent.”


  “When
a
man
says
‘my
wife
doesn’t

  understand
me’,
it
doesn’t
mean
he’s

  planning
an
affair.
He’s
already
had
one.”

Finally

•  h_p://www.farnamstreetblog.com/2010/04/
   behavioral‐economics‐reading‐list/

•  Or
h_p://snipurl.com/tendencybe
for
short




  
   
   
   
   
   
Yours,
@rorysutherland


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