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The Psychology of Black Friday - Social Contagions, Deal FOMO & Retail Rage

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Manage episode 452000053 series 2398788
Innhold levert av Sam Webster Harris and Growth Mindset Psychology. Alt podcastinnhold, inkludert episoder, grafikk og podcastbeskrivelser, lastes opp og leveres direkte av Sam Webster Harris and Growth Mindset Psychology eller deres podcastplattformpartner. Hvis du tror at noen bruker det opphavsrettsbeskyttede verket ditt uten din tillatelse, kan du fĂžlge prosessen skissert her https://no.player.fm/legal.

What are the secret drivers behind the year's biggest shopping day, and why is there so much fighting?

Black Friday has become an inescapable part of life, with a deal notification even popping up as a type this... (thanks Grammarly I don't need 50% off)

But it wasn't always this way.

In the early 1950's Philadelphia after Thanksgiving, a flood of traffic would swell for the local football game and downtown shopping. Cops called the gridlock "Black Friday" as a derogatory term. It was slowly adopted by shops and morphed into the retail phenomenon we know today.

We pull the curtains back on this crazy day:

  • Psychological levers that get us to spend
  • Case studies of different fights and drama
  • How shopping impacts our emotions
  • What are we really seeking from a deal

Learn about why our rational thinking gets turned off as shops manipulate our minds to get us into a buying frenzy and how it can turn violent. And whose fault is it?

Upgrade to Premium:

đŸ–ïž Ad-free listening

đŸ€˜ Support the show

🔓 Exclusive AMAs and bonus content

💬 Community Discord

GrowthMindset.Supercast.com

Sponsors

đŸ„™ Hello Fresh - America's #1 meal kit provider

Get in Touch

👋 Free Call - Schedule Link - https://cal.com/samwebster/mindset

📧 Email - GrowthMindsetPodcast (@) gmail,com

Growth Mindset Psychology:

Sam Webster explores the psychology of happiness, satisfaction, purpose, and growth through the lens of self-improvement.

đŸ“ș Watch - YouTube (Growth Mindset)

🛜 Website - GrowthMindsetPodcast.com

Chapters:

00:00 The Contradiction of Black Friday

02:20 A Brief History of Black Friday

05:01 The Perfect Storm of Psychological Triggers

07:12 Case Studies of Black Friday Madness

09:29 Deindividuation, Competition, Social Contagion and Polyvagal Theory

11:34 Cyber Monday and Online Shopping

15:41 The Financial Costs of Black Friday

17:45 Global Perspectives on Black Friday

19:31 Human Nature Revealed by Black Friday

20:49 Social Dynamics & the Irrationality of Value

21:32 Final Thoughts on Black Friday

Learn more about your ad choices. Visit podcastchoices.com/adchoices

  continue reading

415 episoder

Artwork
iconDel
 
Manage episode 452000053 series 2398788
Innhold levert av Sam Webster Harris and Growth Mindset Psychology. Alt podcastinnhold, inkludert episoder, grafikk og podcastbeskrivelser, lastes opp og leveres direkte av Sam Webster Harris and Growth Mindset Psychology eller deres podcastplattformpartner. Hvis du tror at noen bruker det opphavsrettsbeskyttede verket ditt uten din tillatelse, kan du fĂžlge prosessen skissert her https://no.player.fm/legal.

What are the secret drivers behind the year's biggest shopping day, and why is there so much fighting?

Black Friday has become an inescapable part of life, with a deal notification even popping up as a type this... (thanks Grammarly I don't need 50% off)

But it wasn't always this way.

In the early 1950's Philadelphia after Thanksgiving, a flood of traffic would swell for the local football game and downtown shopping. Cops called the gridlock "Black Friday" as a derogatory term. It was slowly adopted by shops and morphed into the retail phenomenon we know today.

We pull the curtains back on this crazy day:

  • Psychological levers that get us to spend
  • Case studies of different fights and drama
  • How shopping impacts our emotions
  • What are we really seeking from a deal

Learn about why our rational thinking gets turned off as shops manipulate our minds to get us into a buying frenzy and how it can turn violent. And whose fault is it?

Upgrade to Premium:

đŸ–ïž Ad-free listening

đŸ€˜ Support the show

🔓 Exclusive AMAs and bonus content

💬 Community Discord

GrowthMindset.Supercast.com

Sponsors

đŸ„™ Hello Fresh - America's #1 meal kit provider

Get in Touch

👋 Free Call - Schedule Link - https://cal.com/samwebster/mindset

📧 Email - GrowthMindsetPodcast (@) gmail,com

Growth Mindset Psychology:

Sam Webster explores the psychology of happiness, satisfaction, purpose, and growth through the lens of self-improvement.

đŸ“ș Watch - YouTube (Growth Mindset)

🛜 Website - GrowthMindsetPodcast.com

Chapters:

00:00 The Contradiction of Black Friday

02:20 A Brief History of Black Friday

05:01 The Perfect Storm of Psychological Triggers

07:12 Case Studies of Black Friday Madness

09:29 Deindividuation, Competition, Social Contagion and Polyvagal Theory

11:34 Cyber Monday and Online Shopping

15:41 The Financial Costs of Black Friday

17:45 Global Perspectives on Black Friday

19:31 Human Nature Revealed by Black Friday

20:49 Social Dynamics & the Irrationality of Value

21:32 Final Thoughts on Black Friday

Learn more about your ad choices. Visit podcastchoices.com/adchoices

  continue reading

415 episoder

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