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Brain Works Like Google, New Study Finds


AMSTERDAM, THE NETHERLANDS--(Marketwire - Dec. 10, 2008) - A new study indicates that the brain selects brands from people's memory according to a number of predictable unconscious rules.

Findings from the study - a comprehensive review of fundamental neuroscience research - are being published in the December issue of Journal of Brand Management.

The Brain Selects Brands the Way Google Selects Websites

"Brand choice turns out to be a largely unconscious process," says Tjaco Walvis, who led the one-and-a-half-year study. "But in that process, the brain behaves much like Google. It seems to use a set of rules called an algorithm to pick the brand from our memory that best and most reliably fits our functional and emotional needs at that particular moment. It behaves rationally, but in an unconscious way."

As these selection rules are robust, the results could allow marketers to begin tailor their brand strategies to the way unconscious processes in the brain decide what we buy.

However, they could also help consumers better understand how marketers try to persuade them.

Based on the study, Mr. Walvis concludes that the brain's "algorithm" for brand choice has three elements.

Firstly, the brain selects the brand it has learned is best able to satisfy our biological and cultural goals. We unconsciously select the brand that is the most uniquely rewarding, based on its associations with our goals and the brain's reward centers (e.g. the dopamine system).

Secondly, the brain selects the brand that has shown most frequently in the past that it is able to fulfill these needs. Coherent brands that repeat their promise are more likely to be chosen. Volvo, Coca-Cola and Disney are examples of coherent brands.

Thirdly, the brain selects the brand it has interacted with most intensely in the past. Brand participation creates numerous new connections in our brain, facilitating that brand's retrieval. Nike Plus is an example of strong participation concept.

Mr. Walvis has written a book to explain the practical implications of these findings for marketers who seek to build stronger brands.

First Study To Apply Fundamental Neuroscience To Branding

Most neuromarketing studies, which are receiving increasing coverage in books and the global press, use brand scanning techniques like fMRI to investigate marketing issues.

Instead, this study is the first to systematically apply the most fundamental level of neuroscience to branding. It examines processes at the cell level in the customer's brain as it decides which brands it prefers.

The study also adds to existing research that contends that conventional views on brand choice are outdated and can be misleading.

Although scientific, detailed and well-referenced, the article is not overly technical.

Mr. Walvis elaborates on the study in his book called "Branding With Brains", explaining what the study's findings mean for marketers. It is published by Financial Times Prentice Hall in mid 2009.

STUDY REFERENCE

Walvis, Tjaco H., (2008), "Three Laws of Branding: Neuroscientific Foundations of Effective Brand Building", Journal of Brand Management, Vol. 16, No. 3, pp. 176-194.

The article can be obtained from the author upon request.

ABOUT THE AUTHOR

Tjaco Walvis is a partner at THEY, an international brand consultancy firm that works with top management on brand positioning, brand portfolio and brand extension issues.

ABOUT THEY

THEY are a group of nice people in Amsterdam who form an international brand consultancy, an international communications agency and a TV format development studio. THEY love to make brands grow. Some of the clients THEY work with are Getronics, NPO (Dutch Public Broadcasting), Aegon, Insinger de Beaufort, UPC and Bacardi. THEY challenge anybody to a game of ping pong.

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Casper, Wyoming - (MetalsNews, October 27, 2009) - Uranerz Energy Corporation ("Uranerz" or the "Company") (NYSE Amex: URZ; TSX: URZ; Frankfurt: U9E) is pleased to announce the closing of its previously announced public offering of Units, comprised of one share of the Company's common stock and one-half of one share purchase warrant, with each whole warrant exercisable to purchase one additional share of the Company's common stock for a period of 30 months at an exercise price of $3.00, subject to adjustment and early termination.
New Analysis Finds Anglo American’s Pebble Mine Project Poses Significant Risks for Investors
WASHINGTON –(MetalsNews, October 27, 2009) - A new investor analysis to be released this Thursday, October 29th, details the legal, political, financial, engineering and reputational risks that Anglo American plc faces in developing the Pebble Mine Project in the headwaters of Bristol Bay in southwest Alaska.
GRANTA, MPIF PARTNERSHIP EXPANDS ACCESS TO GLOBAL POWDER METALLURGY PROPERTY DATABASE
Princeton, NJ - (MetalsNews, October 26, 2009) -Granta Design and the Metal Powder Industries Federation (MPIF) have announced that the groundbreaking Global Powder Metallurgy Property Database (GPMPD) will be made available as a data module within the GRANTA MI materials information system.
EXPERTS TO ANSWER OBAMA’S CALL, DISCUSS HOW TO BUILD A 21st CENTURY ECONOMY AT DAY-LONG CONFERENCE THURSDAY
WASHINGTON DC - (MetalsNews, October 26, 2009) – Participants to Call for New Jobs Agenda: Growth Led by New Energy, New Global Strategy for Public Investment Leading lawmakers, economists and progressive and labor leaders will gather to discuss how to build a new economy out of the ashes of the old one at a day-long conference on Thursday.
SPARTON REPORTS ENCOURAGING GOLD VALUES
Toronto, Ontario - ( MetalsNews, Ocotober 26, 2009) - Sparton Resources Inc. (SRI) Sparton Resources Inc. (TSX VENTURE:SRI) (the "Company") reported today the initial sampling results from its West Hammond Contact ("WHC") property located in northern Ontario.
Adex Mining to present at Exploration, Mining and Petroleum New Brunswick 2009 conference
Toronto, Ontario - (MetalsNews, October 26, 2009)Adex Mining Inc. (TSX-V: ADE) is pleased to announce that it will be presenting at the upcoming Exploration, Mining and Petroleum New Brunswick 2009 conference at the Delta Hotel in Fredericton, New Brunswick.
PLANSEE USA CELEBRATES 70TH ANNIVERSARY
Franklin, Mass. - (APMI, October 26, 2009) - Plansee USA,is celebrating 70 years in business. The manufacturer of refractory metal products was originally incorporated in 1939 under the name American Electro Metal Corp. (AEM) by Paul Schwarzkopf, founder of Plansee AB, Reutte, Austria.
Canarc Closes CA$960,000 in Two Private Placement Financings
Vancouver, Canada – (MetalsNews, October 26, 2009) - Canarc Resource Corp. (CCM: TSX, CRCUF: OTC-BB, CAN: DB-F) announces that it has closed the two non-brokered private placement equity financings totaling CA$960,000 that were announced on September 9, 2009.
Kellyn Gold/REE Summer Results Surprise Galahad
Vancouver, BC - (MetalsNews, October 26, 2009) - Galahad Metals Inc.(“GAX or the Company”) announces completion of a summer program of geochemical sampling, prospecting, stripping and channel sampling at its Kellyn Project. Based on an analysis of soil and rock geochemical samples five distinct zones of interest were outlined, some of which require further sampling and two are drill ready.

Copper Mountain Mining Corp. Positioned for Copper Production
by Dr. Allen M. Alper and Mindy Mather


Despite ongoing demand for the metal, a continually shifting copper market makes predicting the future tough, but companies like Copper Mountain Mining Corporation out of Vancouver, B.C., are making what has been an unstable market over the last few years a paradise.
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Medusa Mining: A Philippine-Based Gold Producing Success Story
by Dr. Allen M. Alper and Mindy Matter

We had a chance to talk with Geoffrey Davis and Roy Daniel of Medusa Mining Limited which is listed on the ASX and AIM markets. With a primary focus on gold mining in east Mindanao in the Philippines, Medusa has proven to be a low-cost fast growing gold producer.
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Exco Resources: On the Road to Becoming a Copper and Gold Producer
by Dr. Allen Alper and Mindy Matter


Considering the current worldwide economic climate, the metal industry is doing well — and Exco Resources Ltd is one of the companies at the forefront.
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Esperanza Silver Corporation: Emerging Gold and Silver Producer
by Dr. Allen M. Alper and Mindy Matter


A company that once started out looking for silver, Esperanza has some exciting gold projects on hand.
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VG Gold Corp: Has the Gold and the Financial Support to Go Forward
by Dr. Allen M. Alper and Mindy Matter


VG Gold Corp and Rob McEwen have interested the press with their recent investment deal, but when you take a moment to look at the history behind the transaction, it’s enough to enthuse any industry insider.
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Thinking of Investing? Cambridge House International May Be Able to Help
by Allen Alper Jr.


It’s hard to find a chance to learn from world-renowned experts and speak with companies that you think might make great investment opportunities, but the Toronto Resource Investment Conference offers that and more.
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Oroco Resources Moving Towards Production
by Dr. Allen M. Alper and Mindy Matter


We had a few moments to catch up with Adam Smith, the Business Development Director of Oroco Resource Corporation recently.
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First Majestic Silver Corp: Silver Assets are Growing Rapidly
by Dr. Allen Alper and Mindy Matter


Many metals investment opportunities these days are fairly standard in nature – exploration companies with a lot of potential, junior mining companies that have acquired a hot property, venerable older companies who have been steady producers over the years.
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Mansfield Minerals: Developing and Exploring Gold Properties in Argentina
by Dr. Allen M. Alper and Mindy Matter


It’s hardly a secret that Argentina is rich with minerals including gold and silver, but for years, mining and exploration companies had some trouble mining anything. Because of ongoing political unrest throughout the country and early mining laws that also prevented growth and development of the industry, many companies tried and failed to reach sustainability in the country.
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Bullion Monarch Mining: Exploring and Developing Gold, Silver and Oil Shale Properties
by Dr. Allen M. Alper and Bryan Martin


Metals News had the opportunity to talk to Don Morris Chairman and CEO of Bullion Monarch Mining Company at the Hard Assets Resource Investment Conference in NYC in May. Don knows the mining business.
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INTERNATIONAL INVESTMENT CONFERENCES AND TIM WOOD
by Dr Allen M. Alper and Graeme Lamb


Just recently we had an opportunity to sit down with Tim Wood, who is the former Vice President of International Investment Conferences and currently serving as a consultant for the group.
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Riches in the Mountains of Mexico-Tony Rovira of Azure Minerals
by Dr. Allen Alper and Jill Cueni-Cohen

At PDAC 2009 we had the opportunity to talk to Tony Rovira founder of Azure Minerals in the Sierra Madre Occidental Range in northwestern Mexico. He has a great reputation as one of the discoverers of the huge Cosmos nickel deposits for Jubilee Mines in Western Australia.
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Eagle Plains Resources Ltd. : Gold Production in June
by Dr. Allen Alper and Bryan Martin


By June of this year, western Canada-based junior mineral company Eagle Plains Resources Ltd. will make, for the first time in its 16-year history, that crucial leap from exploration to production with the recent signing of a joint venture agreement to produce in partnership with Prize Mining Corporation.
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Globex Mining Enterprises : a very large North American portfolio of advanced properties with gold, copper, zinc, silver, uranium, platinum, palladium, magnesium and talc potential
by Dr. Allen M. Alper and Bryan Martin


Jack Stoch has very rare abilities and geological and business background that has enabled Globex to have a very successful approach of discovering and acquiring a vast amount of diversified valuable properties and developing them for licensing or partnership.
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PREMIER GOLD MINES: Discovering and Developing Gold Deposits in the Superior Province of Canada
by Dr. Allen M. Alper and Graeme Lamb


Recently we had an opportunity to talk with Stephen McGibbon P.Geo., who is the Executive Vice-President and COO (Chief Operating Officer) of Premier Gold Mines Ltd.
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KIMBER RESOURCES: Exploring and Developing Gold and Silver Wealth in the Sierra Madre of Mexico
by Dr. Allen M. Alper and Graeme Lamb


We recently had an opportunity to catch up with Gordon Cummings, who, since November 2007, has been the President and CEO of Kimber Resources Inc., a Vancouver-based advanced gold-silver exploration company with an increasingly important profile.
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Sparton Resources: Environmental Remediation Profitable Green Energy Fuel
by Allen Alper JR. and Bryan Martin


Based in and working almost exclusively out of China aside from two North American gold projects with good potential, Sparton Resources is not your average exploration company, at least not in the traditional sense of the word exploration.
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Gryphon Gold : Developing gold properties in Nevada
by Allen M Alper Jr. and Bryan Martin

If mining gold is your business in the U.S., it’s a safe bet you’re prospecting in Nevada. In the western part of the state lies the Walker Lane gold belt, a broad stretch of land whose name is synonymous with incredible findings.
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Cambridge House 2009 World Resource Investment Conference
by Allen M Alper Jr and Graeme Lamb


Where is it possible to find most of the top performing Canadian companies in the precious metals, commodities and clean energy sectors, gathering together in a showcase of industry talent and growth, as well as being able to meet with shareholders present and future and to be matched with potential investors?
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Alexis Minerals Reaches Next Phase – Gold Production
by Dr. Allen Alper and Alison J. Conte

Since we last talked with David Rigg, president and CEO of Alexis Minerals at the end of 2007, his company has moved into the enviable position of actually producing gold from its Lac Herbin mine in Val d’Or, Quebec, Canada.
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Avalon Rare Metals Inc.: Advancing Green Energy Technology
by Dr. Allen M. Alper and Jill Cueni-Cohen

Metalsnews.com interviewed Don Bubar in Calgary. He has a very strong background in geological exploration and has assembled an excellent team of employees, management, board and consultants to explore and develop one of the largest and richest potential new sources of rare earth elements in the world.
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NioGold Mining Corporation On The Golden Highway
by Dr. Allen M. Alper and Bryan Martin

At the recent Cambridge House Investment Conference in Calgary, MetalsNews.com had an opportunity to be updated on the progress that is being made by NioGold in developing their excellent gold properties.
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Dr. Allen Alper Interviews Christian Dupont, President, Explor Resources Inc.
by Dr Allen Alper


I had the opportunity to interview Chris Dupont, President of Explor Resources, at the PDAC. He has an excellent background in all aspects of mining engineering.
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Dr. Allen Alper Inteviews Mike Prinsloo, President and Chief Executive of Banro Corporation
by Dr. Allen Alper


Banro is a Canadian-based gold exploration company with four wholly-owned properties, each with mining licenses, along a major gold belt of the Democratic Republic of the Congo.
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From Uranium to Gold: Silver Spruce Resources
by Dr. Allen Alper and Jill Cueni-Cohen


Silver Spruce Resources Inc. is well known in the uranium mining industry as one of the largest land holders in the Central Mineral Belt (CMB) of Labrador, Canada.
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Actual results may differ materially from any forward-looking statement whether expressed or implied in this publication. The following risks and uncertainties which could cause actual results to vary include, but are not limited to: speculative nature of mineral exploration, precious metals or diamond prices, production and reserve estimates, production costs, cash flows, environmental and governmental regulations, availability of financing, judicial proceedings and force majeure events. Most of these factors are beyond the Company's ability to control or predict


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