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In this episode, we cover Influence - Robert Cialdini's seminal book on the 6 principles of persuasion. This book was so influencial on Charlie Munger that he even gave Cialdini shares of Berkshire's class A stock, worth hundreds of thousands of dollars today!
We discuss how the principles of reciprocation, commitment & consistency, social proof, liking, authority, and scarcity are used against us and beneficial to us in the business world. We also talk about how many of these principles can be useful in your personal lives, such as for setting goals you'll stick to and building meaningful relationships. We hope this episode will be both insightful and entertaining - enjoy!
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Influence: The Psychology of Persuasion - Robert Cialdini
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Please share with a friend or rate 5 stars if you enjoyed this episode! | Find us at ReadnRepeat.com and on Twitter @ReadnRepeatPod
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Recommendation of the Week: Online Catan
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The Web of Ideas: Influence (my notes on the book)
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Show Notes:
4:17 - Reciprocation
10:37 - Reject then retreat technique
14:06 - Commitment & Consistency
20:44 - Social Proof
28:27 - The Liking Principle
35:02 - Authority Bias
43:39 - Scarcity
