Consumer Futurology 177
But it doesn’t just require a direct link between two items to
trick our brains into liking what’s easy or fluent. Labroo, Dhar, and
Schwarz found that a highly familiar yet unconnected image on a
wine label, such as a frog, increased liking for the product com-
pared with a label without a distinctive and familiar image.
11
Several years ago I was asked by a company whose sales were
in decline to explore perceptions of its brand and food products.
During the research I gave respondents a product to taste but didn’t
tell them anything about it. The response was overwhelmingly pos-
itive and the consensus was that the company would benefit enor-
mously from launching the product; almost everyone I interviewed
intended to buy it. However, the product had already been on the
market for more than a year, in a clearly differentiated pack design,
and the brand users I was interviewing had been taking their usual
product off the shelf and ignoring the new one entirely.
The extent to which this preference for what’s familiar can
stretch is quite extraordinary. An analysis of share performance
found that both in an artificial laboratory simulation and in real-
life stock markets, shares with names (ticker codes) that were easier
to say were predicted to perform better and actually did so!
12
Another dimension to this affection for the known emerges
from the bizarre discovery that people are more likely to live in a
town or have a job that has a link to their name, either through it
sounding similar or by virtue of it beginning with the same letter.
13
American researchers Pelham, Mirenberg, and Jones attribute this
irrational outcome to our capacity for implicit egotism, borne of
our preference for things that are connected to ourselves.
Ultimately, in real consumer situations (as opposed to research sit-
uations), people are attracted toward what’s familiar and easiest to
process mentally, rather than what’s new.
Attempts to use market research as a forecasting tool are
notoriously unreliable, and yet the practice continues. Sometimes
this happens because companies have geared up their business on
the basis that it works. For example, the research on the Pontiac
Aztek didn’t highlight the car’s lack of appeal. Conversely,
Chrysler’s research on the PT Cruiser led to a dramatic under-
estimate of how many it would sell. On other occasions research