{"id":12221,"date":"2018-10-18T05:11:33","date_gmt":"2018-10-18T10:11:33","guid":{"rendered":"https:\/\/www.invespcro.com\/blog\/?p=12221"},"modified":"2024-03-19T15:13:38","modified_gmt":"2024-03-19T15:13:38","slug":"the-reason-cro-is-flawed","status":"publish","type":"post","link":"https:\/\/www.invespcro.com\/blog\/the-reason-cro-is-flawed\/","title":{"rendered":"The Reason CRO is FLAWed"},"content":{"rendered":"<span class=\"span-reading-time rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Reading Time: <\/span> <span class=\"rt-time\"> 10<\/span> <span class=\"rt-label rt-postfix\">minutes<\/span><\/span><p>Image Source: <a href=\"https:\/\/upload.wikimedia.org\/wikipedia\/commons\/6\/65\/Cognitive_bias_codex_en.svg\">Wikipedia<\/a><\/p>\n<p><span style=\"font-weight: 400;\">Humans are flawed creatures. We conform to a number of biases outlined by the world\u2019s greatest psychologist. Wikipedia has listed 180 biases that impact our everyday decisions. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">This in turn makes our jobs as marketers and optimizers quite tricky. According to social scientists Amos Tversky and Daniel Kahneman, you can\u2019t quite overcome your biases. You\u2019ll always fall into them. Tversky died in 1996 and Kahneman went on to win the 2002 Nobel Prize in Economics for the work the both of the men did together. His work was summarized in the highly acclaimed and 2011 best seller,\u00a0<\/span><i><span style=\"font-weight: 400;\">Thinking, Fast and Slow<\/span><\/i><span style=\"font-weight: 400;\">.<\/span><span style=\"font-weight: 400;\">Wait so marketers and conversion rate optimizers\u2013 they\u2019re biased creatures too!? <\/span><span style=\"font-weight: 400;\">Reminder: we are as human as the consumer. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">I relay the story of my own bias during a <a href=\"https:\/\/www.invespcro.com\/blog\/9-tips-to-conducting-accurate-qualitative-research\/\">qualitative research<\/a> session with my team where I was completely convinced that the target customer behaved a certain way. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">And that\u2019s just taking into consideration the marketer and optimizer who most likely is somewhat conscious of these biases humans hold (if they know what they\u2019re doing). On the consumer side it\u2019s worse. This concept that we cannot change our predisposed biases, ultimately means, we can\u2019t alter consumer behavior.<\/span><\/p>\n<p><img decoding=\"async\" class=\"size-full wp-image-12223 aligncenter\" src=\"https:\/\/www.invespcro.com\/blog\/images\/blog-images\/image3-1.jpg\" alt=\"\" width=\"680\" \/><\/p>\n<p><span style=\"font-weight: 400;\">The bias that Kahneman and Tversky listed as the most damaging: the\u00a0<\/span><a href=\"https:\/\/www.theatlantic.com\/health\/archive\/2012\/01\/study-of-the-day-confirmation-bias-shapes-how-we-read-online\/250686\/\"><span style=\"font-weight: 400;\">confirmation bias<\/span><\/a><span style=\"font-weight: 400;\">. Think about the current political divisiveness in America. The confirmation bias allows for this to fester because it\u2019s the effect that leads us to look for evidence confirming what we already think or suspect. The right believes the left is bonkers and is driving the country to shambles, and the left believes the right is extreme and out to destroy the fabric of America. Neither, even when confronted with opposing data to what they believe, are willing to accept anything but what they believe.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This idea scares me about what many marketers and optimizers may be doing. They may not be conscious of this bias and they simply continue to investigate in within a scope of data that confirms what they believe refusing any alternative evidence. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">I read an article a year ago in <\/span><a href=\"https:\/\/www.newyorker.com\/magazine\/2017\/02\/27\/why-facts-dont-change-our-minds\"><span style=\"font-weight: 400;\">the New Yorker<\/span><\/a><span style=\"font-weight: 400;\"> on how facts simply do not change our mind. This is present in our every day life if we consider the deep partisanship of America as mentioned above. But it\u2019s even present in the racial divide in terms of how races view each other and themselves. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">The confirmation bias actually impacts me personally very often. I speak internationally at conferences such as Inbound, SMX series, Business of Software and many more. But as a hijab adorning (the scarf on my head) Muslim woman, I\u2019m wearing a label that many people have a confirmation bias against. Whether I like it or not, as much as I talk and reveal my expertise, there are too many people that cannot \u201cchange\u201d their minds about me because of the bias they have against Muslims.<\/span><\/p>\n<p><img decoding=\"async\" class=\"size-full wp-image-12224 aligncenter\" src=\"https:\/\/www.invespcro.com\/blog\/images\/blog-images\/image2-3.jpg\" alt=\"\" width=\"680\" \/><\/p>\n<p><span style=\"font-weight: 400;\">Kahneman himself is pessimistically convinced is it almost impossible change our biases <\/span><a href=\"https:\/\/www.illusionsindex.org\/ir\/mueller-lyer\"><span style=\"font-weight: 400;\">citing the Muller-Lyer Illusion<\/span><\/a><span style=\"font-weight: 400;\">. It is basically two lines, both the same length, but at the end of each line the arrows are pointed in different directions; one inward, and one outward. <\/span><img decoding=\"async\" class=\"size-full wp-image-12226 aligncenter\" src=\"https:\/\/www.invespcro.com\/blog\/images\/blog-images\/ARROW-1.jpg\" alt=\"\" width=\"680\" \/><\/p>\n<div class=\"blog_img\" style=\"text-align: left;\"><span style=\"font-weight: 400;\">What Kahneman found was that even when the evidence and fact are present that the lines are the same length, people still <\/span><i><span style=\"font-weight: 400;\">perceive<\/span><\/i><span style=\"font-weight: 400;\"> one line to be shorter than the other. But we can convince our analytical mind (system 2 according to Kahneman) that our system 1 perception (automatic, unconscious, and fast thinking mind) is wrong. System 1 is efficient but prone to errors and biases, while system 2 is very controlled.<\/span><\/div>\n<p><span style=\"font-weight: 400;\">In the real world, it\u2019s not so easy to reach system 2. And when dealing with daily quick decisions by consumers, the challenge is greater. Most of our decisions are made with system 1 (about 90% of them!).<\/span><\/p>\n<p><span style=\"font-weight: 400;\">There are many stories and experiments done testing the effect of psychological biases. What we have found conducting CRO for many years that indeed, it\u2019s not easy to change people\u2019s thinking, although not impossible. \u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This is supported by social psychologist Richard E. Nisbett, a social psychologist at the University of Michigan. He believes, as a result of his research, that there is a great possibility in training people to overcome pitfalls of various biases. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">The reality I found while researching this article was that the biases touch each and every part of the sales cycle and consumer journey. And this confirms something I\u2019ve talked about in regards to CRO: it\u2019s not about testing your website. If you have a company that is doing template tweaking for you, it\u2019s not going to give you that huge impact you\u2019re seeking. Ultimately every decision at any point in the sales cycle may already have preconceived biases or builds up biases. If the marketer or optimizer is tackling just one small part of the experience, they are missing the boat. <\/span><\/p>\n<p><img decoding=\"async\" class=\"size-full wp-image-12227 aligncenter\" src=\"https:\/\/www.invespcro.com\/blog\/images\/blog-images\/image11-1.jpg\" alt=\"\" width=\"680\" \/><\/p>\n<p><span style=\"font-weight: 400;\">Let\u2019s peel it a part \u2013 understand some of the most prevalent biases that impact the consumer, your customer, and you, and then present different methodologies and approaches to countering the particular bias:<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">The Confirmation Bias<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">I\u2019ve talked about this specific bias at length above.\u00a0<\/span><\/p>\n<blockquote><p><em><span style=\"font-weight: 400;\">\u201c<\/span><b>Confirmation bias<\/b><span style=\"font-weight: 400;\">, also called\u00a0<\/span><b>confirmatory bias<\/b><span style=\"font-weight: 400;\">\u00a0or\u00a0<\/span><b>my side bias<\/b><span style=\"font-weight: 400;\">,<\/span><a href=\"https:\/\/en.wikipedia.org\/wiki\/Confirmation_bias#cite_note-1\"><span style=\"font-weight: 400;\">[Note 1]<\/span><\/a><span style=\"font-weight: 400;\">\u00a0is the tendency to search for, interpret, favor, and recall information in a way that confirms one&#8217;s preexisting beliefs or hypotheses.<\/span><a href=\"https:\/\/en.wikipedia.org\/wiki\/Confirmation_bias#cite_note-2\"><span style=\"font-weight: 400;\">[1]<\/span><\/a><span style=\"font-weight: 400;\">\u00a0It is a type of\u00a0<\/span><a href=\"https:\/\/en.wikipedia.org\/wiki\/Cognitive_bias\"><span style=\"font-weight: 400;\">cognitive bias<\/span><\/a><span style=\"font-weight: 400;\">\u00a0and a systematic error of\u00a0<\/span><a href=\"https:\/\/en.wikipedia.org\/wiki\/Inductive_reasoning\"><span style=\"font-weight: 400;\">inductive reasoning<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><span style=\"font-weight: 400;\">\u201d\u00a0 \u00a0 \u00a0 \u00a0 \u00a0<a href=\"https:\/\/en.wikipedia.org\/wiki\/Confirmation_bias\">Wikipedia<\/a><\/span><\/em><\/p><\/blockquote>\n<p style=\"text-align: left;\"><strong>How does it impact consumers? <\/strong><\/p>\n<p><span style=\"font-weight: 400;\">According to <\/span><a href=\"https:\/\/www.toistersolutions.com\/blog\/2016\/3\/31\/how-confirmation-bias-influences-your-customers\"><span style=\"font-weight: 400;\">Jeff Toister, confirmation bias can<\/span><\/a><span style=\"font-weight: 400;\">:\u00a0<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">&#8220;A customer&#8217;s first impression can anchor how they feel about your business.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Online reviews can convince customers that you&#8217;re awesome (or not).<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">How quickly and how well you handle problems can cement a reputation.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Making personal connections with customers can strengthen their positive bias.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">One prickly employee can convince customers you suck.\u201d<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Well, for one, we find this present in consumers when they are exposed to negative reputation or reviews about a company. It\u2019s very difficult to \u201cchange\u201d their mind\u2019s to believe that the reputation is sound and the negative comments are isolated incidents. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Think about McDonald\u2019s and their attempt to redeem their reputation by advertising better quality, and fresher food options. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">What we\u2019ve found is businesses battling confirmation bias need to be transparent and honest. This is paramount to repair the damage confirmation bias causes. Like the <\/span><a href=\"https:\/\/www.adweek.com\/creativity\/kfc-responds-to-u-k-chicken-shortage-scandal-with-a-timely-fck-were-sorry\/\"><span style=\"font-weight: 400;\">infamous KFC full page advertisement<\/span><\/a><span style=\"font-weight: 400;\"> admitting their erroneous error of running out of chicken, they tackled the issue head on.<\/span><\/p>\n<p><img decoding=\"async\" class=\"size-full wp-image-12228 aligncenter\" src=\"https:\/\/www.invespcro.com\/blog\/images\/blog-images\/image10-1.jpg\" alt=\"\" width=\"680\" \/><\/p>\n<p><span style=\"font-weight: 400;\">Social media is also a great tool to connect with customers, hear their voice and address the issues head on. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Another way of countering this bias is by feeding into already held beliefs. So if you\u2019re promoting a product of sorts, try to fit it within preconceptions and expectations that your consumer may already have. For example, a client of ours promoting their book\u2019s compatibility with e-learners or e-books like the kindle, use that convenience element that the kindle\u2019s have to promote their own books. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Of course if someone has a positive confirmation bias of your organization you have it made. For example, this happened to me, when Zappos first became popular with their \u201cfree shipping both ways\u201d policy. I was infatuated with the ease and convenience of it, that although I had personally experienced inconvenience with their service and found their prices outrageous, I still shopped there. It happened to me when \u201cIdeeli\u201d was a thing. I loved the concept of getting designer labels for a fraction of the price, and ignored some of the negatives I experienced with the service.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">I am your typical consumer. Eventually I recognized what was happening and stopped shopping at these places. But the point is, confirmation bias can actually be positive, and what\u2019s key is to keep those already happy customers happier. That rarely happens.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Duration Neglect<\/span><\/h2>\n<blockquote><p><em><span style=\"font-weight: 400;\">\u201c<\/span><b>Duration neglect<\/b><span style=\"font-weight: 400;\">\u00a0is the\u00a0<\/span><a href=\"https:\/\/en.wikipedia.org\/wiki\/Psychology\"><span style=\"font-weight: 400;\">psychological<\/span><\/a><span style=\"font-weight: 400;\">\u00a0observation that people&#8217;s judgments of the unpleasantness of painful experiences depend very little on the duration of those experiences.&#8221;\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0\u00a0<a href=\"https:\/\/en.wikipedia.org\/wiki\/Duration_neglect\">Wikipedia<\/a><\/span><\/em><\/p><\/blockquote>\n<p><span style=\"font-weight: 400;\">I always tell my clients, our work does not happen in a vacuum. I\u2019m sorry, if your visitors turned customers have a beautiful, seamless purchase experience, but the end result is negative, they will remember the negative part. And that\u2019s why it\u2019s important to us to be a part of the entire experience, because it all impacts the end result of what we are trying to achieve.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In consulting this is a constant struggle. We have clients that are super happy with our service, and one misstep, wrong email, negative performing test, and it all goes to hell.<\/span><\/p>\n<p><img decoding=\"async\" class=\"size-full wp-image-12229 aligncenter\" src=\"https:\/\/www.invespcro.com\/blog\/images\/blog-images\/image6-1.jpg\" alt=\"\" width=\"680\" \/><\/p>\n<p><span style=\"font-weight: 400;\">While this bias is present, it\u2019s actually not difficult to counter. A friend of mine started an e-commerce operation. In all of the packages she included a special letter and beautifully scented tissue paper. She found eventually that this wasn\u2019t sustainable, and removed it from her process as she grew. What she forgot was how that final unpacking is what clings in people\u2019s minds about the product. And that beautiful scent and experience is what is paramount to leave lingering in people\u2019s minds. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">So don\u2019t just care about making the sale. Care about the long-lasting relationship, the repeat customer, because that confirms the type of lingering effect your changes had on the consumer (positive or negative).<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Loss Aversion<\/span><\/h2>\n<blockquote><p><em><span style=\"font-weight: 400;\">\u201c<\/span><span style=\"font-weight: 400;\">In\u00a0<\/span><a href=\"https:\/\/en.wikipedia.org\/wiki\/Cognitive_psychology\"><span style=\"font-weight: 400;\">cognitive psychology<\/span><\/a><span style=\"font-weight: 400;\">\u00a0and\u00a0<\/span><a href=\"https:\/\/en.wikipedia.org\/wiki\/Decision_theory\"><span style=\"font-weight: 400;\">decision theory<\/span><\/a><span style=\"font-weight: 400;\">,\u00a0<\/span><b>loss aversion<\/b><span style=\"font-weight: 400;\">\u00a0refers to people&#8217;s tendency to prefer avoiding\u00a0<\/span><a href=\"https:\/\/en.wikipedia.org\/wiki\/Loss_function\"><span style=\"font-weight: 400;\">losses<\/span><\/a><span style=\"font-weight: 400;\">\u00a0to acquiring equivalent gains: it is better to not lose $5 than to find $5<\/span><span style=\"font-weight: 400;\">\u201d\u00a0 \u00a0\u00a0<\/span><\/em><span style=\"font-weight: 400;\"><a href=\"https:\/\/en.wikipedia.org\/wiki\/Loss_aversion\">Wikipedia<\/a><\/span><\/p><\/blockquote>\n<p style=\"text-align: left;\"><span style=\"font-weight: 400;\">Visitor\u2019s always want to feel like they\u2019re winning. If they feel like they\u2019ve lost or were somehow ripped off, this will certainly leave a bad taste in their mouths.<\/span><\/p>\n<p style=\"text-align: left;\"><img decoding=\"async\" class=\"size-full wp-image-12231 aligncenter\" src=\"https:\/\/www.invespcro.com\/blog\/images\/blog-images\/image7-1.jpg\" alt=\"\" width=\"680\" \/><\/p>\n<p><span style=\"font-weight: 400;\">We has a client that built his entire model on hiding fees from customers. He would make money off of the hidden fees. Long term, this plan did not pay off for him. People felt they lost a few more dollars when they thought they were going to be getting a discount, so the psychological effects were great. Ultimately they were unable to maintain long-term, repeat business in a space that easily could have achieved that for them.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">I have this when I shop at any of the online flower shop. The deal looks great but then I see the attached fees for shipping and handling and I become supremely discouraged. What starts out as a $50-60 dollar purchase, reaches 100 easily when everything is said and done. Every single time. <\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Other Biases that work to our advantage<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">There are a number of other biases that we need to be aware of. I\u2019m sure we will have webinars and posts that delve deeper on this topic (shedding to light other very important biases). <\/span><\/p>\n<p><span style=\"font-weight: 400;\">But the interesting thing is there are a number of biases that actually help marketers and optimizers as well. If we are able to anticipate the negative biases, and tap into the ones that work in our favor, we can really understand what our customers want at a deeper level. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Let\u2019s see what some of the biases are and how to tap into them:<\/span><\/p>\n<p><span style=\"font-weight: 400;\"><strong>Anchoring<\/strong> \u2013 with anchoring this is prevalent in SaaS when listing the different packages \u2013 marketers tend to list 3 or 4 with varying benefits, and they anchor the packages with the most expensive package, but offer a \u201cbest value\u201d at the most desirable package at the price point that makes the most sense to the company. <\/span><\/p>\n<p><span style=\"font-weight: 400;\"><strong>Bandwagon Effect<\/strong> \u2013 the tendency of people following the group. This is helpful if celebrity or influencers use a product or service, many will \u201cjump on the bandwagon\u201d and get the same product or service. <\/span><\/p>\n<p><span style=\"font-weight: 400;\"><strong>Framing and Priming<\/strong> \u2013 priming specific desirable packages with better value by using terms that help visitors see it. We conducted a test with a gift basket retailer by placing badges on the category page to draw attention and distinguish some baskets over others. <\/span><\/p>\n<p><span style=\"font-weight: 400;\"><strong>In-group favoritism<\/strong> \u2013 Apple does this wonderfully. This is the idea of creating a tribe around the product, and once you\u2019ve committed to the tribe, you likely have the business forever. In Apple, Samsung, and other competitors, they continuously have more products to up-sell their customers. That becomes challenging for retailers that don\u2019t have the same type of product that constantly needs uploading .<\/span><\/p>\n<p><span style=\"font-weight: 400;\"><strong>Salience<\/strong> \u2013 if your product or service has a compelling characteristic, consumers tend to focus on that one thing over others. This makes the job of marketers a bit tricky to ensure that certain characteristics become more memorable for the visitor. <\/span><\/p>\n<p><span style=\"font-weight: 400;\"><strong>Zero-Risk Bias<\/strong> \u2013 no surprise, humans hate risk. That\u2019s why when you offer 100% satisfaction guarantees and free trials, people jump on the chance. If there\u2019s 0 risk, they are more likely to try it. <\/span><\/p>\n<p><span style=\"font-weight: 400;\"><strong>The Decoy Effect<\/strong> \u2013 By presenting visitors with options that offer more value as compared to a more expensive or less expensive option, it taps into the decoy effect bias. Visitors will see it as getting a great deal and go with the medium option. <\/span><\/p>\n<p><span style=\"font-weight: 400;\"><strong>The Humor Effect<\/strong> \u2013 People remember humor, so by offering something funny or running a humorous campaign, you can stick better in people\u2019s minds. <\/span><\/p>\n<p><span style=\"font-weight: 400;\"><strong>Mere Exposure Effect<\/strong> \u2013 Retargeting campaigns work for a reason. By getting your product in a potential customer\u2019s face repeatedly, on many different platforms you\u2019ll be in mind, especially when they need your product or service. <\/span><\/p>\n<p style=\"text-align: left;\"><span style=\"font-weight: 400;\"><strong>Sunk-cost fallacy<\/strong> \u2013 I\u2019ve already invested in it, I may as well see it through. When President Donald Trump decided to send more troops to Afghanistan because: <em>\u201cOur nation must seek an honorable and enduring outcome worthy of the tremendous sacrifices that have been made, especially the sacrifices of lives.\u201d<\/em> More lives and more investment in a lost war because we\u2019ve already started is a clear case of sunk-cost thinking.<\/span><img fetchpriority=\"high\" decoding=\"async\" class=\"size-full wp-image-12233 aligncenter\" src=\"https:\/\/www.invespcro.com\/blog\/images\/blog-images\/image5-1.jpg\" alt=\"\" width=\"680\" height=\"453\" \/><\/p>\n<p><span style=\"font-weight: 400;\">Ultimately it tells us to stick with a bad investment, a product, a service: because of the money we have already lost on it. This happened recently when I decided to watch the movie Crazy Rich Asians. I know I\u2019m one of the few people out there that didn\u2019t enjoy it, but I really disliked it and just went because of the bandwagon effect on me (everyone was buzzing about it). From the onset I didn\u2019t like it but I gave it a chance. 40 minutes in I knew I hated, but thought, I already sat through half of it, I really don\u2019t want to walk out now, maybe it\u2019ll get better. It didn\u2019t. And I was so angry I lost all that time watching a movie I really hated. But I fell into the sunk cost fallacy.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Ok how can this help marketers? Actually, stay away from this if possible. Don\u2019t make people start with your product and service and just stick with it because they already started. <\/span><\/p>\n<h3><strong>Conclusion <\/strong><\/h3>\n<p><span style=\"font-weight: 400;\">But remember, tricks and simple nudges are no longer enough. Marketing campaigns need to be studied, tested and really push the limits to give visitor\u2019s an experience they won\u2019t forget.<\/span><\/p>\n<div class=\"blog_img\"><a href=\"https:\/\/offer.invespcro.com\/ab-mvt-testing-guide\/?utm_source=internal_blog&amp;utm_medium=side-banner\"><img decoding=\"async\" class=\"alignnone size-full wp-image-12235\" src=\"https:\/\/www.invespcro.com\/blog\/images\/blog-images\/AB-Testing_1_1-2.png\" alt=\"\" width=\"1389\" height=\"405\" \/><\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p><span class=\"span-reading-time rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Reading Time: <\/span> <span class=\"rt-time\"> 10<\/span> <span class=\"rt-label rt-postfix\">minutes<\/span><\/span>Image Source: Wikipedia Humans are flawed creatures. We conform to a number of biases outlined by the world\u2019s greatest psychologist. Wikipedia has listed 180 biases that impact our everyday decisions. This in turn makes our jobs as marketers and optimizers quite tricky. According to social scientists Amos Tversky and Daniel Kahneman, you can\u2019t quite overcome [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":12222,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[36],"tags":[633,634,336,635,636,245,637,638,109,639,640,641,642,643,644,645],"class_list":["post-12221","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cro","tag-anchoring","tag-bandwagon-effect","tag-conversion-optimizaiton","tag-framing-and-priming","tag-in-group-favoritism","tag-intermediate","tag-loss-aversion","tag-mere-exposure-effect","tag-resource","tag-salience","tag-sunk-cost-fallacy","tag-the-confirmation-bias","tag-the-decoy-effect","tag-the-duration-neglect","tag-the-humor-effect","tag-zero-risk-bias"],"_links":{"self":[{"href":"https:\/\/www.invespcro.com\/blog\/wp-json\/wp\/v2\/posts\/12221","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.invespcro.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.invespcro.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.invespcro.com\/blog\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.invespcro.com\/blog\/wp-json\/wp\/v2\/comments?post=12221"}],"version-history":[{"count":1,"href":"https:\/\/www.invespcro.com\/blog\/wp-json\/wp\/v2\/posts\/12221\/revisions"}],"predecessor-version":[{"id":98090,"href":"https:\/\/www.invespcro.com\/blog\/wp-json\/wp\/v2\/posts\/12221\/revisions\/98090"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.invespcro.com\/blog\/wp-json\/wp\/v2\/media\/12222"}],"wp:attachment":[{"href":"https:\/\/www.invespcro.com\/blog\/wp-json\/wp\/v2\/media?parent=12221"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.invespcro.com\/blog\/wp-json\/wp\/v2\/categories?post=12221"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.invespcro.com\/blog\/wp-json\/wp\/v2\/tags?post=12221"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}