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The Application of Behavioral Economics and Neuromarketing in Language School Advertising

In: From Research to Entrepreneur Practice

Author

Listed:
  • Tanja Vasle
  • Igor Riznar

Abstract

Economists and experts from related fields are working formany years to improve the classical economic theory in a manner that will allow better forecasting of consumer decisions and behavior. Master’s thesis deals with the field of behavioral economics, neuroeconomics and neuromarketing.The purpose of these fields is to combine classical approaches of economics and psychological foundations which are extremely important in considering consumers’ decisions.The theoretical part of the master’s thesis deals with behavioral economics, neuroeconomics and neuromarketing, their history and development, and the principles, rules and approaches integrating these theories into practice. The empirical part consists of analysis of selected advertisements of language schools in Slovenia, the purpose of which is to determine how the language school can include newer theories in their business, and how can these theories be used to improve the analyzed ads so that they become more attractive to consumers.

Suggested Citation

  • Tanja Vasle & Igor Riznar, 2015. "The Application of Behavioral Economics and Neuromarketing in Language School Advertising," From Research to Entrepreneur Practice, in: Klemen Kavcic & Igor Riznar & Doris Gomezelj Omerzel (ed.),From Research to Entrepreneur Practice, pages 51-74, University of Primorska, Faculty of Management Koper.
  • Handle: RePEc:mgt:irpp15:51-74
    as

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