The Weird and Wonderful World of The Human Brainbox
In CopyWriting | 7 comments | permalink

Ah, the human brainbox. Without it we would be useless, we would probably spend our days leaving stupid comments on YouTube videos and voting for George Bush… ah, hold on…
The good old human brainbox is actually an amazing piece of kit, but it is not as reliable as you may think. Actually, it can do some pretty strange things.
Today I am going to tell you about a psychological FACT that will blow your brainbox into little shreds. It certainly amazed me. At the end of this little fable I would like YOU to describe what you think the moral of the story is, and how we can use this moral in business.
Here we go…
Scientists would take two people (person A and person B)and put them in a room and they put $100 worth of $10 notes on the table, and they would tell person A that he could choose how the $100 was split between the two people. e.g 50/50, 70/30, 80/20, or if he wanted he could even just take the entire $100.
However, there was a catch. Person B was then given two options:
1) He could keep the share that person A decided
2) He could refuse and neither of them would get a penny
This experiment was always done with two strangers, and the experiment showed that the threshold that person B was willing to accept was 80/20 (i.e if he was offered $20 or less he would rather both of them got nothing).
This is based on people not liking it when they get the short end of the stick. Emotion comes into play, and it is not pretty.
You may be thinking, but Dean, these people were probably fairly wealthy, $20 is not much money, so it was worth doing it out of principle.
Well here is the thing, they took this experiment to a third world country and they did it with $1000. Now bear in mind that $200 at the time was two months wages. Do you think the results changed?
NO!
They stayed exactly the same.
People would turn down two months salary just because the other guy was getting a far better deal.
Isn’t this incredible?
People would rather starve than see someone else get the better end of a deal.
So your task for the weekend is to decipher the moral to this story, and see if you can make it applicable to business. The person with the best response wins a red Ferarri*
Leave your comments below, don’t be shy, have a guess.
Dean
* The red Ferrari will be an image of a red Ferrari taken from Google images
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