• Bayesian Thinking & Audience Targeting: Chasing the Inverted Unicorn with Andrew Bloom

  • May 10 2024
  • Length: 1 hr and 3 mins
  • Podcast

Bayesian Thinking & Audience Targeting: Chasing the Inverted Unicorn with Andrew Bloom cover art

Bayesian Thinking & Audience Targeting: Chasing the Inverted Unicorn with Andrew Bloom

  • Summary

  • We are joined by data-nerd and audience marketing expert Andrew Bloom from Neustar's global business solutions. Andrew shares insights on data-driven marketing, Bayesian thinking, and the intricate world of programmatic advertising. The hosts delve into Andrew’s journey from freelance hustler to ad tech expert, providing listeners with a comprehensive look into how psychological principles and data analytics shape modern marketing.

    Programmatic Advertising & Auction-Based Marketing:
    - Understanding different types of auction mechanics in digital advertising (e.g., Google's non-truthful Bayesian generalized second-price auction).
    - The importance of understanding the auction game theory behind platforms like Google, Facebook, and LinkedIn.

    Marketing Mix & Bayesian Thinking:
    - How Bayesian inference applies to marketing decision-making.
    - The role of biases in influencing marketing data interpretation.

    Marketing Attribution & Measurement:
    - The challenges of assigning credit to various marketing channels.
    - Importance of marketing mix modeling (MMM) in understanding channel performance.
    - How Bayesian thinking can improve marketing optimization.

    Marketing Mix Modeling & Statistical Modeling:
    - Utilizing econometric models to measure marketing impact across different channels.
    - Creating predictable formats to decompose marketing signals and understand their effects.
    -The significance of "sine wave" messaging strategies for better attribution.

    Optimization & Channel Interaction:
    - The interconnectedness of various marketing channels.
    - CRO (Conversion Rate Optimization) as a fundamental approach to improve performance.
    - Tailoring media strategies for effective retargeting and brand positioning.

    Thank you for joining us at Manipulation Games: Psychology & Marketing podcast. Tune in for a data-packed conversation that will change how you approach marketing strategy!

    Show More Show Less

What listeners say about Bayesian Thinking & Audience Targeting: Chasing the Inverted Unicorn with Andrew Bloom

Average customer ratings

Reviews - Please select the tabs below to change the source of reviews.