DiscoverGrowth Mindset Psychology: The Science of Self-ImprovementThe Psychology of Black Friday - Social Contagions, Deal FOMO & Retail Rage
The Psychology of Black Friday - Social Contagions, Deal FOMO & Retail Rage

The Psychology of Black Friday - Social Contagions, Deal FOMO & Retail Rage

Update: 2024-11-26
Share

Description

What are the secret drivers behind the year's biggest shopping day, and why is there so much fighting?


Black Friday has become an inescapable part of life, with a deal notification even popping up as a type this... (thanks Grammarly I don't need 50% off)


But it wasn't always this way.


In the early 1950's Philadelphia after Thanksgiving, a flood of traffic would swell for the local football game and downtown shopping. Cops called the gridlock "Black Friday" as a derogatory term. It was slowly adopted by shops and morphed into the retail phenomenon we know today.


We pull the curtains back on this crazy day:


  • Psychological levers that get us to spend

  • Case studies of different fights and drama

  • How shopping impacts our emotions

  • What are we really seeking from a deal


Learn about why our rational thinking gets turned off as shops manipulate our minds to get us into a buying frenzy and how it can turn violent. And whose fault is it?



Upgrade to Premium:

🏖️ Ad-free listening

🤘 Support the show

🔓 Exclusive AMAs and bonus content

💬 Community Discord

GrowthMindset.Supercast.com



Sponsors

🥙 Hello Fresh - America's #1 meal kit provider



Get in Touch

👋 Free Call - Schedule Link - https://cal.com/samwebster/mindset

📧 Email - GrowthMindsetPodcast (@) gmail,com



Growth Mindset Psychology:

Sam Webster explores the psychology of happiness, satisfaction, purpose, and growth through the lens of self-improvement.

📺 Watch - YouTube (Growth Mindset)

🛜 Website - GrowthMindsetPodcast.com



Chapters:

00:00 The Contradiction of Black Friday

02:20 A Brief History of Black Friday

05:01 The Perfect Storm of Psychological Triggers

07:12 Case Studies of Black Friday Madness

09:29 Deindividuation, Competition, Social Contagion and Polyvagal Theory

11:34 Cyber Monday and Online Shopping

15:41 The Financial Costs of Black Friday

17:45 Global Perspectives on Black Friday

19:31 Human Nature Revealed by Black Friday

20:49 Social Dynamics & the Irrationality of Value

21:32 Final Thoughts on Black Friday

Learn more about your ad choices. Visit podcastchoices.com/adchoices

Comments 
loading
In Channel
loading
00:00
00:00
1.0x

0.5x

0.8x

1.0x

1.25x

1.5x

2.0x

3.0x

Sleep Timer

Off

End of Episode

5 Minutes

10 Minutes

15 Minutes

30 Minutes

45 Minutes

60 Minutes

120 Minutes

The Psychology of Black Friday - Social Contagions, Deal FOMO & Retail Rage

The Psychology of Black Friday - Social Contagions, Deal FOMO & Retail Rage

Growth Mindset Psychology