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Opinion · Experience Journal

Ideas on experience, behavior & change.

Insights, frameworks and analysis from the Renascence team — on customer experience, behavioral economics, service design and the future of how brands serve people.

01 —Featured

This month's read.

Loss Aversion: Understanding Customer Reluctance to Change
Behavioral EconomicsSeptember 2024 · 10 min read

Loss Aversion: Understanding Customer Reluctance to Change

Imagine being offered a bet where you can either win $100 or lose $50. Even though the potential gain is double the loss, most people would hesitate. This hesitation is driven by Loss Aversion—a cognitive bias where the pain of losing is psychologically twice as powerful as the pleasure of gaining.

Read the article

02 —All Articles

The Journal.

Who is a Customer Experience (CX) Associate? Key CompetenciesCustomer Experience

Who is a Customer Experience (CX) Associate? Key Competencies

Aslan PatovSept 20249 min read
Perception Bias: Misinterpretation of Sensory InformationBehavioral Economics

Perception Bias: Misinterpretation of Sensory Information

Aslan PatovSept 20247 min read
Key Components of an Effective Customer Experience (CX) ProgramCustomer Experience

Key Components of an Effective Customer Experience (CX) Program

Aslan PatovSept 202410 min read
Positive Reinforcement: Encouraging Repeated Customer BehaviorsBehavioral Economics

Positive Reinforcement: Encouraging Repeated Customer Behaviors

Aslan PatovSept 20247 min read
Pluralistic Ignorance: Belief That Others Disagree When They Do NotBehavioral Economics

Pluralistic Ignorance: Belief That Others Disagree When They Do Not

Aslan PatovSept 20247 min read
Just-World Hypothesis: Belief That Outcomes Are Fair and DeservedBehavioral Economics

Just-World Hypothesis: Belief That Outcomes Are Fair and Deserved

Aslan PatovSept 202410 min read
Customer Experience (CX) Excellence: Best Practices from Leading BrandsCustomer Experience

Customer Experience (CX) Excellence: Best Practices from Leading Brands

Aslan PatovSept 202410 min read
Why Customer Experience (CX) is Important for Business SuccessCustomer Experience

Why Customer Experience (CX) is Important for Business Success

Aslan PatovSept 20248 min read
Customer Experience (CX) Expert: Roles and ResponsibilitiesCustomer Experience

Customer Experience (CX) Expert: Roles and Responsibilities

Aslan PatovSept 20248 min read
Why Customer Experience (CX) is Not Limited to IT OrganizationsCustomer Experience

Why Customer Experience (CX) is Not Limited to IT Organizations

Aslan PatovSept 20248 min read
Customer Experience (CX) Examples: How Leading Brands are Winning Over CustomersCustomer Experience

Customer Experience (CX) Examples: How Leading Brands are Winning Over Customers

Aslan PatovSept 202410 min read
Customer Experience (CX) Examples: How to Apply Success Stories to Your BusinessCustomer Experience

Customer Experience (CX) Examples: How to Apply Success Stories to Your Business

Aslan PatovSept 202410 min read
Why Customer Experience (CX) is the New Competitive BattlegroundCustomer Experience

Why Customer Experience (CX) is the New Competitive Battleground

Aslan PatovSept 202410 min read
Selective Optimism: Overestimating Positive Outcomes SelectivelyBehavioral Economics

Selective Optimism: Overestimating Positive Outcomes Selectively

Aslan PatovSept 20247 min read
Rational Ignorance: Choosing Not to Know Because the Cost of Educating Oneself Exceeds the Potential BenefitBehavioral Economics

Rational Ignorance: Choosing Not to Know Because the Cost of Educating Oneself Exceeds the Potential Benefit

Aslan PatovSept 20247 min read
Reappraisal Bias: The Role of Reinterpreting Events in Customer SatisfactionBehavioral Economics

Reappraisal Bias: The Role of Reinterpreting Events in Customer Satisfaction

Aslan PatovSept 20247 min read
Recency Bias: Shaping Customer Experience Through Recent InteractionsBehavioral Economics

Recency Bias: Shaping Customer Experience Through Recent Interactions

Aslan PatovSept 202410 min read
Reinforcement Heuristic: Encouraging Repeated BehaviorsBehavioral Economics

Reinforcement Heuristic: Encouraging Repeated Behaviors

Aslan PatovSept 20247 min read
Regulatory Focus Theory: Promotion vs. Prevention Focus in CustomersBehavioral Economics

Regulatory Focus Theory: Promotion vs. Prevention Focus in Customers

Aslan PatovSept 20247 min read
Reinforcement Effect: Strengthening Beliefs Through Positive FeedbackBehavioral Economics

Reinforcement Effect: Strengthening Beliefs Through Positive Feedback

Aslan PatovSept 20248 min read
Restraint Bias: Overestimating Self-Control in the Face of TemptationBehavioral Economics

Restraint Bias: Overestimating Self-Control in the Face of Temptation

Aslan PatovSept 202410 min read
Retrospective Falsification: Rewriting Past EventsBehavioral Economics

Retrospective Falsification: Rewriting Past Events

Aslan PatovSept 20247 min read
Rhyme-as-Reason Effect: Persuasive Power of Rhyming Phrases in MarketingBehavioral Economics

Rhyme-as-Reason Effect: Persuasive Power of Rhyming Phrases in Marketing

Aslan PatovSept 202410 min read

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