Yes! - 80/20 Summary
Updated: Feb 16, 2022
Skill Category: Persuasion
Mental Models: Action & Reaction: Newton's 3rd Law Activation Energy, Algorithms, Anchoring, Choice Architecture, Consistency & Commitment Bias, Incentives, Emotions: Sadness, Reciprocity, Trust, The Ikea Effect
Mental Models from the book:
'Yes!' can be summarised into 10 mental models:
1. Action & Reaction: Newton's 3rd Law
Mirror verbalization: Repeating back what a customer ordered increased tips by 70%.
2. Activation Energy
People are more likely to be persuaded if they have taken a small step in the right direction as long as the first step was made voluntarily and without coercion. The momentum will propel them to carry on.
The word "because" acts like an automatic reflex to get someone to do something.
When given a bonus gift for purchasing a product, the value of the bonus gift will decline. To overcome this instead of writing: "Receive a free Ecourse" change it to: "Receive a $500 Ecourse at no cost to you.
4. Choice Architecture
Increased choice can result in increased frustration.
5. Consistency & Commitment Bias
To overcome the effects of peoples' consistency bias, avoid framing their commitment as a mistake. Tell them: "Their decision was correct at the time they made it".
After a person has answered a question favorably, say "I'll let the others know" to increase commitment as their decision has now been publicly declared.
Free people from the previous commitment. Tell them: "The precious decision was the right one given the evidence and information they had".
Give a person the label of a certain trait and then make a request consistent to that trait (and provide examples of when they have done that).
6. Emotions: Sadness
Sad buyers are willing to pay 30% more on average compared to neutral buyers. Sad sellers are willing to sell an item for 33% less than a neutral buyer.
Due to loss aversion, it is usually more persuasive to mention what you would lose instead of what you'll save.
There are 3 major factors that influence reciprocity:
Significance: When a waiter gave two candies with the bill it increased tips by 3.3% (compared to no candy) to 14% with 2 candies.
Unexpected: One candy was expected and so when a second was given it inflated the tip.
Personalized: The more personalized the request, the more likely the person will agree.
A recipient places more value on a favor compared to the person who gave the favor initially. However, as time goes on the value decreases in the receiver's mind but increases in the givers.
Before you get to the toughest request (on a call to a customer service agent) tell the person how happy you are with their service and that you are going to write a letter of appreciation. After you have their manager's details, ask for one final request.
Mirroring increases trust. In negotiations mirroring resulted in deals 67% of the time compared to 13% (without mirroring).
If you have an area in which your leverage is weak, mention it during negotiations, to make you seem more trustworthy.
Mentioning a drawback (or something against your self-interest) makes you more trustworthy which puts you in a better position to promote your strengths.
10. The Ikea Effect
Ask someone why they support an initiative. This will reinforce to themselves the reasoning.
Mental Model Mind Maps:
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