Summary: We can fail at estimating probabilities when we allow inconsequential similarities to cloud our judgment. If you flip heads five times, are you “due” for tails? Our brains have learned to take short cuts, but these shortcuts don’t always work. When they don’t work, we call them cognitive biases. The representative heuristic is a…
Summary: Understanding the different types or flavors of CDPs can help in the evaluation process, but it can also give marketers ideas about how to use a CDP to bring value to a business. This article highlights 10 types. Today’s podcast is a shorter version of an article I wrote for Martech.org, which I’ll link…
Summary: Memory of an event is disproportionately affected by the peak experience and the experience at the end. People who plan events for a living should take this into account in their planning. Cold: Your memory of an event may be disproportionately affected by two things Continuing my series on the thoughts of Daniel Kahneman…
Summary: As part of a review of the thoughts of Daniel Kahneman, this article discussed why focus can affect our judgments, and how the ease with which we can think of examples affects our understanding of probability. If you want to understand or learn something, you often have to devote some time to focused, careful…
Summary: In this second post on the thoughts of Daniel Kahneman we consider prospect theory and fear of loss as a contrast to expected utility theory. Here’s a quote from an article I’ll link below about Daniel Kahneman’s ideas. “For a long time, the most widely-accepted view of how people make decisions under uncertainty was…
Summary: Anchoring bias is a cognitive bias that makes us latch on to the first bit of data we hear. This post discusses eight ways to combat this bias. Daniel Kahneman might be best known for his book “Thinking Fast and Slow,” which I haven’t read, but I’ve read and heard a lot about Kahneman’s…
Summary: Water might get into a bathtub in many different ways, but it all goes out through the drain. This is analogous to your marketing efforts. You might “fill the tub” with several different types of marketing efforts, but they might all lead to one drain — or one “last touch point.” If you look…
Summary: Watch changes in engagement and take appropriate actions. When engagement declines, send an email or so something to get them back. When engagement increases, find out what you’re doing right, or get a testimonial! I thought I had coined a new phrase in the May issue of The Krehbiel Letter, which is available online…
Summary: This article explains why third-party cookies matter, what their loss will mean for internet marketing, and what companies should do now. How do you know which part of your marketing is helping you? That’s an old problem, and over the years people have tried various methods for solving it. Let’s say you publish “Carrot…
Summary: What you pay attention to will change the way you perceive the world, and what you take from it. I have a friend who quotes some ancient theologian to the effect that “when the student is ready, the teacher will appear.” What does that mean? I think I can illustrate it with a story…
Summary: To make your content stand out in a crowded field, consider these nine concepts: voice, focus, frameworks, recurring segments, vocabulary, message, favorites, characters, and skits. Publishers spend a lot of time and money developing their own brand image, which can include typography, colors, logos, and stylized art. Think of the dot-matrix images in The…
Summary: It’s impossible to avoid duplicative functionality in your tech stack. Here are 12 things to consider when deciding where you want that functionality to reside. One of the challenges of building a tech stack is that there are always overlaps in functionality. For example, your customer data platform and your email service provider might…
Summary: AI summaries of books and articles present a copyright threat to publishers, but a wider movement towards summaries and bullet points might have more significance for culture and for understanding. Bo Sacks recently distributed an article titled, “A tech sector dedicated to boiling things down has raised temperatures in some quarters of the publishing…
Summary: When an audience member’s engagement lags you need to take action. Here’s another quote from Amanda Landsaw’s talk at MACMA Industry Day. “Stay on top of inactivity in the database. If a known audience member has not visited in a certain number of days, send an email.” I’ve seen a surprising indifference to this…
Summary: To create a solid content-based business, don’t focus on the “flyby” traffic. Use high-quality, relevant content to attract an engaged audience, then create a robust database around that audience. At MACMA Industry Day last week, Amanda Landsaw said “flyby visitors don’t create robust databases.” There’s a lot to unpack in that statement. Let’s start…