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Are your customers satisficers or are they maximisers? @paulwould
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Capture - Day 2 - 12:15 "Are your Customers Satisficers or Maximisers?"

Apr 13, 2017

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Page 1: Capture - Day 2 - 12:15 "Are your Customers Satisficers or Maximisers?"

Are your customers satisficers

or are they maximisers?

@paulwould

Page 2: Capture - Day 2 - 12:15 "Are your Customers Satisficers or Maximisers?"

Paul Wood@paulwould

Page 3: Capture - Day 2 - 12:15 "Are your Customers Satisficers or Maximisers?"
Page 4: Capture - Day 2 - 12:15 "Are your Customers Satisficers or Maximisers?"

All about choice

Page 5: Capture - Day 2 - 12:15 "Are your Customers Satisficers or Maximisers?"

Barry SchwartzThe Paradox of Choice

Page 6: Capture - Day 2 - 12:15 "Are your Customers Satisficers or Maximisers?"

1. Maximise welfareThe Official Dogma

Page 7: Capture - Day 2 - 12:15 "Are your Customers Satisficers or Maximisers?"

1. Maximise welfare2. Maximise freedom

The Official Dogma

Page 8: Capture - Day 2 - 12:15 "Are your Customers Satisficers or Maximisers?"

1. Maximise welfare2. Maximise freedom3. Maximise choice

The Official Dogma

Page 9: Capture - Day 2 - 12:15 "Are your Customers Satisficers or Maximisers?"
Page 10: Capture - Day 2 - 12:15 "Are your Customers Satisficers or Maximisers?"
Page 11: Capture - Day 2 - 12:15 "Are your Customers Satisficers or Maximisers?"
Page 12: Capture - Day 2 - 12:15 "Are your Customers Satisficers or Maximisers?"
Page 13: Capture - Day 2 - 12:15 "Are your Customers Satisficers or Maximisers?"
Page 14: Capture - Day 2 - 12:15 "Are your Customers Satisficers or Maximisers?"

DepressionThere is 10 times more major depression in people born after 1945 than before

X10

Page 15: Capture - Day 2 - 12:15 "Are your Customers Satisficers or Maximisers?"

We are surrounded by choices

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Currys.co.uk239 washing machines+ 76 washer dryers14 refine search groups

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Petsathome.com264 dog bedssoft/mattress/plastic/toughluxury/blankets/heatingcooling/specific requirements

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Autotrader.co.uk84 cars19 Black10 Blue16 Grey

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Choice is demotivating

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Page 22: Capture - Day 2 - 12:15 "Are your Customers Satisficers or Maximisers?"
Page 23: Capture - Day 2 - 12:15 "Are your Customers Satisficers or Maximisers?"
Page 24: Capture - Day 2 - 12:15 "Are your Customers Satisficers or Maximisers?"

We don’t make choices

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With%AT&T Not%with%AT&T

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Burden of choice

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Foraging Craft & Trade

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Ye OldeWay

HuntFindForageUse energy

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The New Way

CraftSkillTradeShare burden

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The Post-Modern Way

Loads of choiceFindForageUse energy

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Page 32: Capture - Day 2 - 12:15 "Are your Customers Satisficers or Maximisers?"
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Sweet

Milky

Not-so-milky

Cappuccino Macchiato

Latte

EspressoDouble Espresso

Americano

Strong

Page 34: Capture - Day 2 - 12:15 "Are your Customers Satisficers or Maximisers?"

Sweet

Milky

Not-so-milky

Cappuccino Macchiato

Latte Gingerbread Latte

EspressoDouble Espresso

Americano

Strong

Page 35: Capture - Day 2 - 12:15 "Are your Customers Satisficers or Maximisers?"

RecapChoice is goodToo much choice is badThe burden of choice has shifted

Page 36: Capture - Day 2 - 12:15 "Are your Customers Satisficers or Maximisers?"

Consumers act in strange ways

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iPhone

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Source: bgr.com

Sony Xperia Z3

Huawei Ascend Mate7

Samsung Galaxy S5

HTC One M8

Apple iPhone 6 Plus

LG G3

Samsung Galaxy Note 3

Motorola Moto X

Apple iPhone 6

0 10Hours

Best for battery life?

Page 41: Capture - Day 2 - 12:15 "Are your Customers Satisficers or Maximisers?"

Source: bgr.com

Best for screen size?

Apple iPhone 6Nokia Lumia

830 HTC One M8Samsung Galaxy S5

Apple iPhone 6 Plus

Samsung Galaxy Note 4

Page 42: Capture - Day 2 - 12:15 "Are your Customers Satisficers or Maximisers?"

Source: bgr.com

Best for camera resolution?

HTC One M8 iPhone 6 Galaxy S5

Page 43: Capture - Day 2 - 12:15 "Are your Customers Satisficers or Maximisers?"

Is it actually the best phone?

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not the best

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not the worst

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The bestThe worst

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The bestThe worst

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The bestThe worst

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Not the bestUnhealthySloppyNo frills

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Not the worstFastNo (nasty) surprisesIt won’t kill you (straight away)

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Satisficers/Maximisers

Page 52: Capture - Day 2 - 12:15 "Are your Customers Satisficers or Maximisers?"

Maximiser“Need to be assured that every purchase decision was the best

that could be made”

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The bestThe worst

What is a maximiser?

Wants to end up here

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Visit one more shop

Test drive one more car

Read another review

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Satisficer“Settle for something that is good enough and not worry about the

possibility that there might be something better”

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The bestThe worst

What is a satisficer?

Wants to avoid here

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1. 10 mins from station2. Furnished3. Modern4. Up to £1,000 a month

Renting a Flat

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Maximiser vs Satisficer

A Trip to Wagamama

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302 miso soup and japanese pickles v £1.95

305 a tea-stained egg £1.00

304 japanese pickles v £1.00

306 kimchee £1.00

303 chillies v £1.00

307 brown rice v £2.00

300 white rice | steamed or sticky v £2.00

301 noodles v £2.00

extras | make your meal even tastier

chilli men stir-fried chicken or prawns, courgettes, red onions, peppers, mushrooms and mangetout in a spicy tomato chilli men sauce, served on soba noodles 49 chicken £10.95 50 prawns £11.95

51 yasai chilli men v £9.50 stir-fried tofu, courgettes, red onions, peppers mushrooms and mangetout in a spicy tomato chilli men sauce, served on whole wheat noodles

firecracker marinated chicken breast or prawns stir-fried with mangetout, red hot chillies, red and green peppers, spring and white onions, fiery sweet and hot sauce, steamed white rice, shichimi, sesame seeds and lime 92 chicken £9.95 93 prawns £10.95

chilli dishes | fresh, spicy chilli dishes

allergies and intolerances | if you have a food

allergy, intolerance or sensitivity please let your server

know before you order your food and they’ll be able to

suggest the best dishes for you

please note | our dishes are prepared in areas

where allergenic ingredients are present so we

cannot guarantee that our dishes are 100% free of

these ingredients

we love this dish v vegetarian

may contain shell or small bones contains nuts

your noodle, your choice | we make lots of different

noodles; with most dishes you can choose whichever noodles

you want. you can also swap your rice for brown rice. ask your

server for full details

soba / ramen noodles | thin, wheat egg noodles

whole wheat noodles | thin, whole wheat egg noodles

udon noodles | thick, white noodles without egg rice noodles | flat, thin noodles without egg or wheat

40 yaki soba £8.25 teppan-fried soba noodles with chicken, shrimp,

egg, beansprouts, peppers, white and spring onions. garnished with fried shallots, pickled ginger and sesame seeds

41 yasai yaki soba v £7.75 teppan-fried whole wheat noodles with egg,

beansprouts, peppers, white and spring onions, mushrooms and garlic. garnished with fried shallots, pickled ginger, sesame seeds and coriander vinegar

teriyaki soba grilled teriyaki beef or salmon on a bed of teppan-fried soba noodles with curry oil, mangetout, red and spring onions, beansprouts, bok choi and chillies with yakitori and teriyaki sauce. garnished with coriander and sesame seeds 46 salmon £12.25 45 beef £13.95

42 yaki udon £8.95 teppan-fried udon noodles in curry oil with

chicken, prawns, chikuwa, egg, beansprouts, leek, mushrooms and peppers. garnished with fried shallots, pickled ginger and sesame seeds

44 ginger chicken udon £9.50 teppan-fried udon noodles with chicken, egg,

beansprouts, red and spring onions, mangetout and chilli. garnished with pickled ginger and coriander

wagamama pad-thai teppan-fried rice noodles in a sweet tamarind sauce with chicken and prawns or fried tofu, egg, beansprouts, leek, red and spring onions, chinese chives, garlic, ginger and chillies. garnished with coriander cress, fried shallots, peanuts, mint and lime 48 chicken and prawns £9.95 47 yasai v £8.95

teppanyaki | noodles cooked on a hot, flat griddle

20 chicken ramen £8.95 noodles in a chicken soup topped with grilled chicken

breast, seasonal greens. garnished with menma and spring onions

21 wagamama ramen £10.25 noodles in a miso, ginger and chicken soup topped

with grilled chicken, barbecued pork, prawns, mussels, half a tea-stained egg, chikuwa and wakame. with menma and spring onions

22 grilled duck ramen £12.95 noodles in a vegetable soup topped with tender

boneless duck leg and pea shoots. garnished with coriander, chillies, spring onions and a citrus ponzu sauce

chilli ramen noodles in a spicy chicken soup, beef steak or chicken, red and spring onions, beansprouts, chillies, coriander and lime 25 chicken £10.25 24 beef £12.95

27 saien soba v £9.25 whole wheat noodles in vegetable soup, fried tofu, beansprouts, courgettes, asparagus, red onions, leek, mushrooms, mangetout, garlic, sesame oil and spring onions

30 pork ramen £9.25 noodles in a miso, ginger and chicken soup topped

with barbecued pork, half a tea-stained egg, seasonal greens and wakame. drizzled with a korean barbecue sauce and garnished with menma and spring onions

82 coconut seafood broth £12.95 rice noodles in a coconut and vegetable broth topped with prawns, salmon, squid, scallops, mussels and tender stem broccoli. garnished with spring onions, chillies and coriander cress

you can swap your soup for vegetable soup in any ramen. just ask

104 edamame v £4.35 steamed green soya-beans with either salt

or chilli and garlic salt

106 wok-fried greens v £4.35 tender stem broccoli and bok choi, stir-fried in garlic and soy sauce

109 raw salad v £3.50 mixed leaves, red onions, mooli and carrot.

garnished with fried shallots and served with the wagamama house dressing

95 goma wakame salad v £4.35 shredded carrot, goma wakame seaweed,

spring onions and chilli. served with the wagamama house dressing and sesame seeds

97 pork ribs £6.75 teppan-fried ribs in a korean barbecue sauce with mixed sesame seeds 110 grilled pork bulgogi wraps £5.75 teppan-grilled pork belly, korean barbecue sauce, pickled red onions, beansprouts and coriander, ready for you to wrap in a baby gem lettuce

96 lollipop prawn kushiyaki £6.25 skewers of grilled prawns marinated in lemongrass,

lime and chilli. glazed with a sweet, sour and hot sauce and served with a caramelised lime

107 chilli squid £5.80 deep-fried squid seasoned with salt and shichimi.

served with a chilli and coriander dipping sauce

108 tori kara age £5.25 deep-fried chicken pieces. served

with a chilli, garlic, sesame and soy sauce

111 mushroom onigiri v £5.50 balls of sticky rice with mushroom, deep-fried in panko breadcrumbs on a bed of goma wakame. served with a sweet, sour and hot sauce

gyoza | tasty parcels of goodness

100 chicken gyoza £5.80 five steamed, grilled chicken dumplings. served with a chilli, garlic, sesame and soy sauce

101 yasai gyoza v £5.75 five steamed, grilled vegetable dumplings. served with a black vinegar, chilli and coriander sauce

99 duck gyoza £5.90 five deep-fried duck dumplings.

served with a spicy cherry hoi sin sauce

102 ebi gyoza £5.95 five deep-fried prawn and vegetable dumplings. served with a citrus ponzu sauce

105 pulled pork gyoza £5.90 five steamed, grilled pulled pork dumplings.

served with a black vinegar and ginger sauce

salads | tasty plates of salad. some cold. some warm

60 mandarin and sesame chicken salad £10.25 marinated chicken with mixed leaves, mandarin,

coriander, red and spring onions, mangetout and cashew nuts with a sesame, mandarin and mint dressing. garnished with sesame seeds

63 warm tofu chilli salad v new £9.25 stir-fried tofu, aubergines, red peppers, asparagus, mangetout, tender stem broccoli and red onion on a bed of baby gem lettuce. dressed in sweet chilli sauce. garnished with cashew nuts

66 warm chilli chicken salad £9.75 stir-fried chicken with cashews, red peppers, mangetout, tender stem broccoli and red onion on a bed of baby gem lettuce. dressed in a sweet chilli sauce

67 grilled tuna with stir-fried vegetables £11.15 seared tuna steak on a bed of stir-fried sweet potatoes, edamame beans, red onions, red and green peppers and mangetout with an avocado, wasabi and nouc cham dressing. garnished with a tea-stained egg and coriander cress

curry | fresh, tasty curries. some with rice. some with noodles

71 chicken katsu curry £9.75 chicken breast deep-fried in panko breadcrumbs, served with a curry sauce and sticky white rice. garnished with dressed mixed leaves and japanese pickles

73 grilled chicken katsu curry £9.75 grilled chicken breast, served with a curry sauce and brown rice. garnished with dressed mixed leaves and japanese pickles

72 yasai katsu curry v £8.95 sweet potato, aubergine and butternut squash

deep-fried in panko breadcrumbs, served with a curry sauce and sticky white rice. garnished with dressed mixed leaves and japanese pickles

raisukaree tender marinated chicken breast or prawns stir-fried in a coconut and lime curry sauce with mangetout, peppers, red and spring onions, ginger and garlic. served with rice and garnished with mixed sesame seeds, chillies, coriander and lime 75 chicken £10.95 79 prawns £11.95

surendra’s curry new a rich, spicy green curry made with jalapeño peppers, onion and ginger. topped with sweet potato straws and served with steamed rice 52 yasai v £8.95 53 chicken £10.95 54 tilapia fish £10.95

kare lomen ramen noodles in a spicy coconut and lemongrass soup topped with grilled chicken or prawns, cucumber and beansprouts. garnished with coriander and lime 80 chicken £10.45 81 prawns £11.50

itame rice noodles in a spicy green coconut and lemongrass soup topped with stir-fried chicken, prawns or fried tofu, beansprouts, red and spring onions, bok choi, peppers, mushrooms and chillies. garnished with coriander and lime 37 chicken £10.45 39 prawns £11.50 38 yasai v £9.25

UKWIN14-1

77 cha han £8.25 stir-fried brown rice with chicken and prawns, egg, mangetout, mushrooms, sweetcorn and spring onions. served with a side portion of miso soup and japanese pickles

78 yasai cha han v £7.75 stir-fried brown rice with fried tofu, egg, mangetout, mushrooms, sweetcorn and spring onions. served with a side portion of miso soup and japanese pickles

teriyaki donburi chicken or beef brisket in teriyaki sauce with sticky white rice, shredded carrots, pea shoots and spring onion. garnished with sesame seeds and served with a side of kimchee 70 chicken £9.50 69 beef new £10.95

donburi can come with brown or white rice. just ask

donburi | big bowls of rice with meat and vegetables

sides | perfect with a meal or great for sharing ramen | big bowls of soup filled with noodles, vegetables and meat

Page 60: Capture - Day 2 - 12:15 "Are your Customers Satisficers or Maximisers?"
Page 61: Capture - Day 2 - 12:15 "Are your Customers Satisficers or Maximisers?"

Buying a mattress

Page 62: Capture - Day 2 - 12:15 "Are your Customers Satisficers or Maximisers?"

Dreams.co.uk 108Argos.co.uk 439Johnlewis.com 331Ikea.com 137Homebase.co.uk 328

Page 63: Capture - Day 2 - 12:15 "Are your Customers Satisficers or Maximisers?"

“I don’t want anything other than the best mattress for me”

Maximiser

Page 64: Capture - Day 2 - 12:15 "Are your Customers Satisficers or Maximisers?"

“…you’ll find a mattress designed to fit every budget and requirement,

so you’re certain to find something that’s right for you”

How does the internet respond?

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Page 66: Capture - Day 2 - 12:15 "Are your Customers Satisficers or Maximisers?"
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Set criteria of searchReview selectionStop once criteria met

Satisficer

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RecapMaximisers want perfectWe often cater better to maximisersThere are more satisficers

Page 73: Capture - Day 2 - 12:15 "Are your Customers Satisficers or Maximisers?"

Why are there more satisficers?

Page 74: Capture - Day 2 - 12:15 "Are your Customers Satisficers or Maximisers?"

We are rubbish at making choices

Page 75: Capture - Day 2 - 12:15 "Are your Customers Satisficers or Maximisers?"

Daniel KahnemanThinking, Fast and Slow

Page 76: Capture - Day 2 - 12:15 "Are your Customers Satisficers or Maximisers?"

One We get tired of thinking

Page 77: Capture - Day 2 - 12:15 "Are your Customers Satisficers or Maximisers?"

Ego Depletion

“Mental energy is more than a mere metaphor”

Page 78: Capture - Day 2 - 12:15 "Are your Customers Satisficers or Maximisers?"

“The nervous system consumes more glucose than other parts of the body”

Page 79: Capture - Day 2 - 12:15 "Are your Customers Satisficers or Maximisers?"

“Effortful mental activity appears to be especially expensive in the currency of glucose”

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Go to work

0 100%Mental Energy

Success Line

Page 81: Capture - Day 2 - 12:15 "Are your Customers Satisficers or Maximisers?"

Go to work

Eat fruit for morning snack

0 100%Mental Energy

Success Line

Page 82: Capture - Day 2 - 12:15 "Are your Customers Satisficers or Maximisers?"

Go to work

Eat fruit for morning snack

Don’t eat that donut!!!

0 100%Mental Energy

Success Line

Page 83: Capture - Day 2 - 12:15 "Are your Customers Satisficers or Maximisers?"

Go to work

Eat fruit for morning snack

Don’t eat that donut!!!

Have a salad at lunch

0 100%Mental Energy

Success Line

Page 84: Capture - Day 2 - 12:15 "Are your Customers Satisficers or Maximisers?"

Go to work

Eat fruit for morning snack

Don’t eat that donut!!!

Have a salad at lunch

Refrain from shouting at your colleagues

0 100%Mental Energy

Success Line

Page 85: Capture - Day 2 - 12:15 "Are your Customers Satisficers or Maximisers?"

Go to work

Eat fruit for morning snack

Don’t eat that donut!!!

Have a salad at lunch

Refrain from shouting at your colleagues

Go to the gym after work

0 100%Mental Energy

Success Line

Page 86: Capture - Day 2 - 12:15 "Are your Customers Satisficers or Maximisers?"

Go to work

Eat fruit for morning snack

Don’t eat that donut!!!

Have a salad at lunch

Refrain from shouting at your colleagues

Go to the gym after work

0 100%Mental Energy

Success Line

Don’t eat pizza

Page 87: Capture - Day 2 - 12:15 "Are your Customers Satisficers or Maximisers?"

Go to work

Eat fruit for morning snack

Don’t eat that donut!!!

Have a salad at lunch

Refrain from shouting at your colleagues

Go to the gym after work

0 100%Mental Energy

Success Line

Don’t eat pizza

Page 88: Capture - Day 2 - 12:15 "Are your Customers Satisficers or Maximisers?"

Go to work

Eat fruit for morning snack

Don’t eat that donut!!!

Have a salad at lunch

Refrain from shouting at your colleagues

Go to the gym after work

Don’t eat pizza

Walk dog in rain

0 100%Mental Energy

Success Line

Page 89: Capture - Day 2 - 12:15 "Are your Customers Satisficers or Maximisers?"

Go to work

Eat fruit for morning snack

Don’t eat that donut!!!

Have a salad at lunch

Refrain from shouting at your colleagues

Go to the gym after work

Don’t eat pizza

Walk dog in rain

Don’t drink beer

0 100%Mental Energy

Success Line

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Page 91: Capture - Day 2 - 12:15 "Are your Customers Satisficers or Maximisers?"

Two We jump to conclusions

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The automatic ‘system 1’

“The impulses that often become your choices and your actions”

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A bat and ball cost £1.10

The bat cost one pound more than the ball

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How much did the bat cost?

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It’s not £1

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It is £1.05

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What do cows drink?

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Three We are easily influenced

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Florida, forgetful, bald, grey, wrinkle

finds, he, it, yellow, instantly

The Florida Effect

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The Priming Effect

3x as much paid on ‘eye weeks’

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The Anchoring Effect

Q1 Would you be willing to pay £xxtowards this good cause?

Q2 How much would you like to contribute to this cause?

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$200

The Anchoring Effect

No Anchor

$160

$140

$120

$100

$80

$60

$40

$20

$180

Aver

age

Dona

tion

Page 103: Capture - Day 2 - 12:15 "Are your Customers Satisficers or Maximisers?"

$200

The Anchoring Effect

No Anchor

$160

$140

$120

$100

$80

$60

$40

$20

$180

Aver

age

Dona

tion

$5

Page 104: Capture - Day 2 - 12:15 "Are your Customers Satisficers or Maximisers?"

$200

The Anchoring Effect

No Anchor $400

$160

$140

$120

$100

$80

$60

$40

$20

$180

Aver

age

Dona

tion

$5

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The Anchoring Effect

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The Anchoring Effect + Rationing

Limit of 12 per person

No limit perperson

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The Anchoring Effect + Rationing

Limit of 12 per person

No limit perperson

Page 108: Capture - Day 2 - 12:15 "Are your Customers Satisficers or Maximisers?"

The Anchoring Effect + Rationing

Limit of 12 per person

No limit perperson

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RecapWe get tired of making choicesWe make bad judgmentsWe are easily led astray

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How we (marketers) can help

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How we must help

Page 112: Capture - Day 2 - 12:15 "Are your Customers Satisficers or Maximisers?"

We are all choice architects

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“A choice architect has the responsibility for organisingthe context in which people

make decisions”

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It’s about how we present choice

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The Six Principles of Choice Architecture

Defaults Feedback Incentives

Structure Mapping Expect Error

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Provide a Default

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Consumers follow the path of least resistance

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We’ll do anything to save a bit of (mental) energy

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Provide Feedback

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Consumers want to know whether they are on track

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We need simple information helping us to make choices

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Offer incentives

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Answer the question, “what’s in it for me?”

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Sometimes there will be something to gain

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Other times the cost will be so small it won’t matter

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Structure complex ideas

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Choosing involves juggling complex information

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Information can be complex because of volume

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http://www.autodeskplm360.co.uk/

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Expect error

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Humans make mistakes

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A well-designed system is forgiving of mistakes

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SpamsungWashing Machines

What happens if I search for…

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Nobody’s perfect

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@paulwould

Not “Wood”

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Map the experience

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Help your customers to understand the experience

they will have

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What is a gigabyte?

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Why should I care about megapixels?

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How much storage space do I need?

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What TV should I purchase?

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http://www.rtings.com/tv/learn/size-to-distance-relationship

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An extreme solution…

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“If you don't see something here, it's because it's not

worth your time”

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RecapThere’s no shortage of choiceIt’s tiring and hard to handleWe can fix this problem

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Any questions?

@paulwould

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@paulwould

Further Reading

The Paradox of ChoiceBarry Schwartzwhdot.net/ParadoxChoice

Thinking, Fast and SlowDaniel Kahnemanwhdot.net/ThinkingFast

The Wiki ManRory Sutherlandwhdot.net/WikiMan

NudgeThaler & Sunsteinwhdot.net/NudgeImprovingDecisions

Get the slides – whdot.net/ChoiceArchitecture