You Love a Good Deal More Than the Actual Stuff You Buy, Here’s Why

Seeker · Intermediate ·📊 Data Analytics & Business Intelligence ·8y ago

Key Takeaways

Bargain shopping affects consumer behavior and brain function

Full Transcript

ah yes it's that time of year again and nothing says holiday like freshly marked down merchandise am i right the 40s the 50s the 60% sales on Popguns bicycles roller skates and kales checkerboards tricycles popcorns or pinwheels or do you just love some deals I'm sure we've all been there boasting about how amazing that deal was and how much money we saved on that 52 inch TV or pair of shoes or whatever it happens to the best of us but is it the new gadget that makes you happy or the great deal because kid yaro a consultant and consumer psychologist says that it's the latter she says customers are carrying all too much about the price of an item instead of valuing the item itself before 2008 stores naturally would put items on sale at say the end of the season but now there are sales through every single part of the year 4th of July sale semi annual sales weekly sales you name it there is a bargain to be hunted stores change the psychology of shopping when they appealed to the cheaper needs of patrons during the recession and one Nielsen survey shows some people like the hunt for a bargain the researchers say shopping a sale can trigger the same parts of the brain as love or drugs the mere action of walking into a store can get your dopamine levels going but much like a real addict you go home with feelings of guilt because like maybe you don't really need that game console even though it's $100 off and you wanted it sort of ish shopping increases activity in your nucleus accumbens the reward circuit of your brain you anticipate purchases and you get excited about them and according to at least one study excessive prices activate circuits associated with anticipated loss you feel bad that you didn't buy it and you didn't even buy it yet the sale though that's a whole other thing and stores know this yaro suggests there's a greater chance of a person buying a product if they feel like they've saved and can walk away with satisfaction at their bargain again it's not about the thing even if the product is marked up and then the price is cut you're still happy because you believe you saved mom basically these sale prices are trying to convince you you're spending less than you actually are and that's not really the truth don't let them fool you next time you go shopping try paying attention to your emotions about the thing you're buying and not the deal you got you know check yourself before you wreck your credit card statement hey there deal seekers why don't you take a moment and subscribe it doesn't cost a thing like my love I know I got fooled into it but want to know how video games trick you into spending real money on fake stuff Julian has that Keir funny thing bargain shopping can actually be passed down so my mom's love of a good deal could have corrupted me too just pay attention you'll be fine

Original Description

Everyone loves a good sale, but do we like our purchase? Here’s what bargain shopping does to your brain. How Video Games Trick You Into Spending Money - https://youtu.be/o4j8u-Vupng Read More: Shopping a sale gives you the same feeling as getting high http://www.bbc.com/capital/story/20161123-shopping-a-sale-gives-you-the-same-feeling-as-getting-high “For some of us, the signs shouting 50% off, one-day-only sale and clearance are not so different from the siren call for other types of addictions: the feeling of winning at shopping a sale is not unlike the addiction to alcohol, drugs or even food, therapists say.” Find Out How Much You've Spent on Amazon https://www.seeker.com/find-out-how-much-youve-spent-on-amazon-1770949257.html “Depending on your buying habits, budget, debt-to-income ratio, and the number of lies you tell yourself, you may or may not want to know how much money you've spent on Amazon.com since you first signed up.” Here's How Blockchain Will Eliminate Banks and Democratize Money https://www.seeker.com/how-blockchain-will-eliminate-banks-and-democratize-money-2214709749.html “Blockchain - a decentralized, distributed database that makes the cryptocurrency bitcoin possible - is poised to permanently disrupt the way we think about money, from transferring funds to making day-to-day purchases to the very concept of a national currency.” ____________________ Seeker inspires us to see the world through the lens of science and evokes a sense of curiosity, optimism and adventure. Visit the Seeker website https://www.seeker.com/videos Subscribe now! http://www.youtube.com/subscription_center?add_user=dnewschannel Seeker on Twitter http://twitter.com/seeker Trace Dominguez on Twitter https://twitter.com/tracedominguez Seeker on Facebook https://www.facebook.com/SeekerMedia/ Seeker http://www.seeker.com/ This episode of Seeker was hosted by Trace Dominguez Written by: Victoria Barrios
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