Tuesday, February 21, 2012

Learning from LinkedIn

LinkedIn serves as a great example of behavioural principles applied to drive success.  In case you are not one of the 150 million users worldwide (or 2 million in Australia), LinkedIn is a social networking site for professionals, and much of its success I believe is due to how it engages its users.

Here are a four of the Behavioural Principles at play.

1. Herding - going where others are

When first signing up with LinkedIn your decision is reinforced by reminding you that are joining 150 million professionals in the professional community.  However, whilst it's great to see the herding principle in place, I think this is quite a passive execution and in itself, does not compel people to join.

Once joined up and networked, LinkedIn support your sense of herd connectedness through statistics on how many people you can reach through the connections of your network. Large numbers (for instance my 263 connections extrapolate to over 2.7 million) create a sense of possibility.  LinkedIn also provide stats on how many new people have joined my network in the last couple of days, showcasing how vibrant, current and desirable LinkedIn is to the broader population.

2. Completion - we like to finish once we've made a start
Once you have a profile, LinkedIn consistently give you feedback on how your profile could be even better, for example by asking for a recommendation or adding speciality skills.  But that's not all. LinkedIn measure and illustrate your degree of completion as a percentage, and for many, we can't feel entirely satisfied until we've reached 100%.

Completion is also used to help people network.  LinkedIn helpfully provide a snapshot of "People You May Know" and make it very simple to scroll through and invite them to connect.


Completion is also used effectively within the discussion sections of LinkedIn.  With the objective of getting as many members as possible exchanging ideas, LinkedIn get you started by pre-populating the discussion with your photo next to the empty text box, giving you a sense that the only thing left to do is say what's on your mind.  Easy!


3. Uniqueness - we all like to feel special
Whilst herding is great for a sense of comfort, we all like to feel that we are unique.  You can see this principle being supported within the Groups function where like-minded people exchange content. Here the people that have been deemed 'most influential' for that week are listed and ranked, encouraging them and others to continue fuelling the content exchange, which in turn keeps LinkedIn a vibrant place to visit. 






4. Status Quo Bias - we're complacent

In order to maximise the volume of networking, LinkedIn need to overcome our usual state of inertia. To prevail over inherent laziness (or for some, a fear of rejection), LinkedIn make the process of inviting someone to connect very easy by pre-populating the invitation with text so that you don't even need to think of what to write.  



Spot the behaviour
I've only touched on four of the behavioural principles demonstrated by LinkedIn so next time you use the site, look at it from a behavioural perspective.  Once your eyes are opened to what LinkedIn are doing, you will see many more tricks that you can apply to your own website. I'd love to hear about what you find, so happy linking.

PS If you like my blog, I'd love you to consider supporting my fundraising trek of the Larapinta trail. Every bit helps so to find out more, visit https://www.gofundraise.com.au/page/BriforICV Thank you!

Friday, February 17, 2012

Behavioural Economics Twitter highlights (11 Feb-17 Feb 2012)



Behavioural and Behavioral Economics tweets 
Sat 11 Feb-Fri 17 Feb 2012

The summary is posted weekly by People Patterns.  
This post contains a summary of tweets noted in the past week that mentioned behavioural/behavioral economics. Where possible, re-tweets have and tweets without links been removed to condense the list.

Chris Berg's piece  for The Drum got people retweeting, and I am pleased to say my post on Pinterest   also provoked some (p)interest.

Tweets with Behavioural Economics (UK spelling)

Denomination effect. How the size of   we carry affect our spending   ;

Gr8 video discussion on Behavioural Economics with ING DIRECT founder Arkadi Kuhlmann & 


An insight into Behavioural Economics.... TrulyMadlyMedia: You choose first, then I will... 



PP Comms Forum: AE comms should draw on behaviouraleconomics 


 on behavioural economics: an excuse to tax and regulate more 


Paul Krugman finally converts to behavioural economics

— QR codes will fail. Death by behavioural economics?  


Bounded Rationality and Public Policy: A Perspective fromBehavioural Economics (The Economics of Non-Market Goods ..


True behavioural change is hard work but true leaders can change their own and their people’s behaviours. 

 Behavioural economics in the pub | Features | Research

Absolute beginners: behavioural economics and human happiness: via 


Just a few places left - don't leave it to late! 'BehaviouralEconomics 


Pinterest: how making customers wait has attracted 10m monthly unique visitors    economics


Procter research into behavioural economics in customer communications  via 


3640184009 --- Did the 'Homo Economicus' Mutate to the Concept of Behavioural Finance and Economics?


behavioural economics approach to this blog: via  


Behavioural Economics explained by the Simpsons 


Mr NS Raghavan on Neuro and Behavioural Economics: Recently Mr NS Raghavan, founder ... 


Pinterest: how making customers wait has attracted 10 million monthly users 



[Fascinating] UK Cabinet report on applying "nudges" & behaviouraleconomics insights to reduce fraud, error & debt 


'Nudging' SMEs to hire more staff. Behavioural economics & growth. 


see my baby daughter fly ! and get 'behavioural economics' on Winter Wipeout. 24:30 and 36:00 on 


A better link to the UC Berkeley course on behavioural economicsis here 

New post: Absolute beginners: behavioura

"Don’t offer a range of solutions. Reduce the choice to two options. One of which is hugely preferable."  Great blog

Behavioural Economics and finding happiness 


Behavioral Economics (US spelling)

Behavioral economics is important for  and keeping members on track. 

Obama's "compromise" and Behavioral Economics: If I correctly understand it—readers are welcome to correct me if... 

Behavioral economics of meetings, as it applies to Carmelo Anthony (Seriously.) (h/t )

Pinterest: how making customers wait has attracted 10m monthly unique visitors    economics

  Is the organ donation system opt-in or opt-out?   cc/  

Dan Ariely Interview with Malcolm Gladwell:  



Anthropology of an Idea: 'Behavioral Economics' - By Elizabeth Dickinson 


behavioral economics gambling 

RT : 8 Ways to Use Behavioral Economics to Benefit Your Nonprofit 

Behavioral Economics by Sendhil Mullainathan, Richard Thaler :: SSRN |  

Antitrust & Competition Policy Blog: Competition and Consumer Protection: A Behavioral Economics Account 

Perfect description of real world economics and why traditionaleconomics fails so dismally: 

Behavioral Economics: 2 Punches for Improving Patient Care: What ... 

An Alternative to Calorie Labels by using a behavioral economicsapproach-  via

Behavior change...for fun and profit. Via  I love this stuff...applied psychology, behavioral economics.

Beyond "tiger moms" -- A behavioral economics perspective on good & bad parenting via W.K. Kellogg -- 

Why "little lies" lead to big problems    

Behavioral Economics | Psychology Today