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Innovations in Consumer Science: Applications of Neuro-Scientific Research Tools

In: Adoption of Innovation

Author

Listed:
  • Sharad Agarwal

    (Indian Institute of Management (IIM))

  • M. J. Xavier

    (VIT University)

Abstract

The study of the biological aspects of the consumer behaviour through the application of neuroscience is one among the many innovations in the area of marketing, particularly in understanding the consumer behaviour. Only recently management scientists have started applying the principles of neuroscience in the management applications and theory building. The new methodologies of ‘Consumer Neuroscience’ provide an opportunity to understand the neural level processes in the brains of the consumers which in turn offer valuable insights into the cognitive decision making process of the consumers, which are otherwise not captured through traditional methods of management research. This chapter introduces the readers to the most commonly used tools of neuromarketing, such as fMRI, EEG, and ERP (P300) and then explains their applications in marketing. This chapter presents several examples that highlight the application of neurosciences to study aesthetics and sensory factors that have helped companies innovate and improve their products and in-store experience of their customers.

Suggested Citation

  • Sharad Agarwal & M. J. Xavier, 2015. "Innovations in Consumer Science: Applications of Neuro-Scientific Research Tools," Springer Books, in: Alexander Brem & Éric Viardot (ed.), Adoption of Innovation, edition 127, pages 25-42, Springer.
  • Handle: RePEc:spr:sprchp:978-3-319-14523-5_3
    DOI: 10.1007/978-3-319-14523-5_3
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    Cited by:

    1. Garczarek-Bąk Urszula, 2018. "Explicit and Implicit Factors That Determine Private Labels’ Possible Purchase: Eyetracking and EEG Research," International Journal of Management and Economics, Warsaw School of Economics, Collegium of World Economy, vol. 54(1), pages 36-49, March.

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