Early in Psychologist Daniel Kahneman’s career, he took a role with the Israeli army.
To study new recruits in training, analyse their interactions through a range of data models, then provide recommendations as to which officers would make it as leaders in the field.
When comparing his recommendations generated through the use of data models vs simply the opinions of experienced Commanders using observation and instinct – it turned out that only nominal improvements were produced from Kahneman’s approach.
Regardless, the army continued to run the tests, confidently believing in the importance of the data they were collecting even though the results continued to disagree.
This pre-conceived confidence in the best approach is what Kahneman labelled “The Illusion of Validity”.
Kahneman reflected that:
“Confidence is a feeling, one determined mostly by the coherence of the story and by the ease with which it comes to mind, even when the evidence for the story is sparse and unreliable…”
Some stories we’re still surprised to see marketers put confidence in include:
- The more impressions, the more sales
- Measuring brand awareness is the best way to gauge marketing success
- TV advertising is the most effective way to spread a message
- The huge number of social media fans/followers/likers we have shows our strength in the market
If you’re transitioning from traditional broadcast marketing, rather than take your existing assumptions into the online space, better to start from first principles.
How can we help?
Not many people know this but the word ‘Crisis’ in Chinese is actually made up of 2 characters, one means Danger and the other means opportunity.
Although we are going through this crisis, this current situation can force us to come up with better and more efficient processes, internal collaborations and better leaderships.
If you need help with your Online Ads, reach out to us here: https://intnt.nl/hello
Stay up to date
Get notified when we release more content. Subscribe here.