Ignoring Customers’ Risk Aversion is Risky Business

Ignoring Customers’ Risk Aversion is Risky Business

I recently met with my financial advisor and learned my portfolio was riskier than my wife’s. That’s always been the case; I have always been the one taking more risks. Sometimes the risks I take pay off; sometimes they don’t. My good lady wife is...
How Academic Research Can Improve Customer Experience

How Academic Research Can Improve Customer Experience

I have always been surprised by the massive wealth of data in academia that doesn’t get used. The reason, I believe, is the language. The way academic research is written is like a reading a legal brief; it’s impenetrable. You come away from it thinking the person who...
How Does Mental Accounting Influence Customer Experience

How Does Mental Accounting Influence Customer Experience

I won some money at a Casino recently, an unusual outcome for me. It wasn’t a huge amount, but it was a nice windfall. Did I spend it on something practical? No. Save it? Nope. Give it to charity? Not a chance. I bought a fancy new fishing reel that I had my eye on...