Chapter
Consequences of the Coronavirus Outbreak on Consumer Behavior
1:15:30 - 1:20:18 (04:47)
The Coronavirus outbreak has led to a change in consumer behavior with some people avoiding products named after the virus such as Corona beer and others becoming more conscious of the potential risks of certain products.
Clips
This podcast discusses the irrational behavior of some consumers who stop buying a certain product, such as Corona beer, due to associations with negative events like the COVID-19 pandemic.
1:15:30 - 1:17:20 (01:49)
Summary
This podcast discusses the irrational behavior of some consumers who stop buying a certain product, such as Corona beer, due to associations with negative events like the COVID-19 pandemic. It highlights the second, third order consequences that arise and what this reveals about our thinking.
ChapterConsequences of the Coronavirus Outbreak on Consumer Behavior
Episode#178 - George Mack - Mental Models 103
PodcastModern Wisdom
The speaker discusses how in today's society, there is too much focus on rationality which causes individuals to neglect the wisdom passed down throughout generations.
1:17:20 - 1:20:18 (02:57)
Summary
The speaker discusses how in today's society, there is too much focus on rationality which causes individuals to neglect the wisdom passed down throughout generations. He highlights his appreciation for cultural symbols and how they can create a deeper understanding for various practices.