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The Last Mile
Creating Social and Economic Value from Behavioral Insights

Dilip Soman (Author)

9781487521820

Paperback / softback, published 14 July 2017

296 pages
22.9 x 15.2 x 1.9 cm, 0.46 kg

Most organizations spend much of their effort on the start of the value creation process: namely, creating a strategy, developing new products or services, and analyzing the market. They pay a lot less attention to the end: the crucial "last mile" where consumers come to their website, store, or sales representatives and make a choice.

In The Last Mile, Dilip Soman shows how to use insights from behavioral science in order to close that gap. Beginning with an introduction to the last mile problem and the concept of choice architecture, the book takes a deep dive into the psychology of choice, money, and time. It explains how to construct behavioral experiments and understand the data on preferences that they provide. Finally, it provides a range of practical tools with which to overcome common last mile difficulties.

The Last Mile helps lay readers not only to understand behavioral science, but to apply its lessons to their own organizations’ last mile problems, whether they work in business, government, or the nonprofit sector. Appealing to anyone who was fascinated by Dan Ariely’s Predictably Irrational, Richard Thaler and Cass Sunstein’s Nudge, or Daniel Kahneman’s Thinking, Fast and Slow but was not sure how those insights could be practically applied, The Last Mile is full of solid, concrete advice on how to put the lessons of behavioral science to work.

Introduction: At the Last Mile

Part One. The Theory of the Last Mile: Principles and Ideas from the Behavioural Sciences

1. The Last Mile

2. Choice Architecture and Nudging

3. Choice

4. Money

5. Time

6. A Theory of Decision Points

Part Two. The Methods of the Behavioural Scientist

7. Experiments and Trials

8. Understanding Preferences and Judgements

Part Three. At the Last Mile: Engineering Behaviour Change

9. Choice Repair

10. Choice Architecture: A Process Approach

11. Decision Crutches

12. Disclosures

13. Retailing

14. The Last Mile of the Last Mile

Appendix 1: A Glossary of Behavioural Phenomena and Nudging Concepts

Appendix 2: Tools for the Choice Architect

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