Saturday, December 26, 2015

The Daily Stat from Harvard Business Review

 


THE DAILY STAT: Harvard Business Review

December 25, 2015

In-Flight Purchases Depend on What Your Neighbor Does


Seeing someone buy something makes us more likely to do the same, says Pedro M. Gardete at Stanford’s Graduate School of Business. Analyzing data on in-flight purchases to understand social effects in purchase behavior, he finds that when passengers see someone next to them make a purchase, they’re 30% more likely, on average, to buy something themselves. This did not hold true if they saw a purchase by someone sitting behind them or diagonally in front of them. And the likelihood that a passenger will buy something doubles if the person making a purchase next to them is someone they know. Friends and peers have a lot of sway over what we buy and when we buy it, Gardete says.

Source: Pedro M. Gardete: Fellow Airline Passengers Influence What You Buy


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