Can you shrink or expand time in a lab? In your daily life? This week’s #SpotlightSpeaker Selin Malkoc from @FisherOSU shares her research and experiences that help us understand how we perceive time. #OhioStateInnovates
Yes, there is a future in retail! Consumers will always need, and want, things and experiences. That hasn’t changed at all...https://www.creditdonkey.com
Selin Malkoc on The Lisa Show. “When we say the word “hobby”, we often think of leisure time devoted to casually doing something we love in our spare time. …but when it comes to time spent relaxing (and nothing else), how can we truly maximize our relaxation and not feel the need to be in a busy mindset? Joining us is Dr. Selin Malkoc, a behavioral scientist and marketing professor at The Ohio State University. She’s here to talk with us about how to really maximize our leisure time.”
…Ohio State University’s Chair of the Marketing and Logistics Department Joe Goodman says this is the way to win at retail. “The retailers that are providing an experience for their consumers are the ones that are driving in traffic and getting consumers in the door. Once they can get you in the door, chances are, you’re probably going to buy something,” said Goodman. Goodman says the key is offering experiences that you can’t buy online….
‘“The authors use a creative analysis to isolate the effect they are after — which they do really well.” Malkoc, who wasn’t involved in the research, said the findings are consistent with her own research showing that “the mistakes that hurt the most are the ones that are most likely to increase effort later on.” But, her research shows, emotional reflection and perseverance are critical.
In one study, Malkoc and colleagues found that people who merely cogitate intellectually on a flub tend to focus on their egos and make excuses, while those who ponder the failure emotionally end up trying harder the next time. “If your thoughts are all about how to distance yourself from the failure, you’re not going to learn from your mistakes,” she says…’
“Let’s start with some science. A large body of research suggests that how you spend leisure time matters to your health, and that your hobbies are good for you in many ways….
While it’s important to make time for your hobbies, you don’t want to be too rigid in how you schedule them. Research suggests that too much scheduling of leisure time makes it feel more like work and less like fun. In a series of studies reported by Ohio State University…”
WalletHub asked Joe “What can we learn about the health of the economy from the terms offered by the market’s best credit cards?”
His answer. “Probably nothing.” For more of his non-insightful answers on credit cards, check out 13 Best Credit Cards article.
There’s a full hour before your next meeting at work. If you’re like most people, though, you’ll squander that time. Why? “We seem to take a mental tax out of our time right before an appointment,” said Selin Malkoc, associate professor of marketing at Ohio State’s Fisher College of Business. She co-authored a study that appeared in the Journal of Consumer Research. “We figure something might come up, we might need some extra time, even when there’s no need to do that. As a result, we do less with the available time.” In this Minute Professor, Malkoc suggests strategies for what you should do to change your habits. After watching, read on for more fascinating findings…more at https://insights.osu.edu/business/why-we-waste-time
Joe answering a few questions for WalletHub about consumer credit cards. https://wallethub.com/credit-cards/discover/#expert=Joseph_K._Goodman