PPC platforms offer an amazing array of specific optimization opportunities. Once many details have been optimized, a “mature account” (it can take over five years for an account to reach that stage, especially as the competitive landscape and other circumstances change) might not require as much detailed optimization than during the earlier building and learning phases...
Don’t Let the Anchor Sink You! How Google Ads Exploits Cognition to Inflate CPCs
In the behavioral economics literature (for an approachable overview, see Daniel Kahneman, Thinking, Fast and Slow; also, Michael Lewis’ vivid biographical account of Daniel Kahneman’s and Amos Tversky’s lifelong intellectual relationship in The Undoing Project: A Friendship That Changed Our Minds), Nobel-winning economists fuse psychology and economics to suss...
