Latest / Behavioral Economics with Fexingo: Decision Making, Bias, and How People Really Spend

The Scent of Sales How Smells Manipulate Spending
We explore the hidden power of environmental cues in retail, focusing on the famous pumpkin spice phenomenon and how ambient scents drive impulse purchases. Lucas and Luna break down why a bakery smell outside a department store increases sales by up to forty percent, and how luxury brands use signature fragrances to justify premium pricing. This episode dives into the psychology of olfactory anchoring, revealing how our brains link specific smells to memories and emotions, often bypassing rational budget checks entirely.
#BehavioralEconomics #RetailPsychology #ScentMarketing #PumpkinSpice…
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