Improving Consumer Decisions through Preference Relaxation
نویسندگان
چکیده
In online shopping scenarios, it can be difficult for consumers to process large amounts of information and make a good purchase decision, particularly for multi-attributed products selection. Interactive decision aids that support preferential choice using information filtering are a potential solution to this problem. However, current methods that enable filtering based on initial customer preferences may eliminate potentially valuable alternatives early in the decision process, and possibly negatively impact decision quality. Drawing from recent developments in recommender systems and query rewriting, we propose a new method that minimizes the elimination of high quality alternatives early in the decisionmaking process. We discuss the model and the potential impact of our method based on an evaluation scenario with 56915 real car adverts. Finally, we give an overview of the implications of our study for practitioners and researchers.
منابع مشابه
Dilemma in two game structures for a closed-loop supply chain under the influence of government incentives
The government organizations grant incentives to promote green product consumption, improve green product quality, boost remanufacturing activities, etc. through various policies. The objective of this study is to highlight pros and cons of two incentive policies, namely (1) incentive on manufacturer’s R&D investment and (2) direct incentive to consumer based on greening level of the product on...
متن کاملA Study on the Use of Social Media to Understand Consumer Preference: The Case of Starbucks
The paper seeks to identify Starbuck's experience in using social media, understand how social media is linked to customer knowledge management, and assess how social media services could have contributed to Starbucks success. Starbucks demonstrates versatility to engage customers and support different part of customer knowledge management strategy through various social media platforms, such a...
متن کاملConsumption Flexibility, Product Configuration, and Market Competition
W purchase and consumption decisions are separated in time and when future utility is state dependent, consumers may desire to pursue consumption flexibility by purchasing different products together (multiple buying). This paper analyzes the effects of consumption flexibility on competing firms’ marketing mix decisions, in a model in which future preference uncertainty exists and consumers dif...
متن کاملPreference Evolution in the South Korean Cigarette Market Preliminary and incomplete
In the South Korean cigarette market, consumers have shown dramatic changes in their cigarette preferences. While most consumers smoked high-tar cigarettes ten years ago, now most consumers prefer low-tar cigarettes. Another interesting trend in this market is the growing popularity of super-slim cigarettes. Given the strong dynamics in preferences, I raise two critical questions – 1) what are ...
متن کاملConsumer Attitude Metrics for Guiding Marketing Mix Decisions
Marketing managers often use consumer attitude metrics such as awareness, consideration, and preference as performance indicators because they represent their brand’s health and are readily connected to marketing activity. However, this does not mean that financially focused executives know how such metrics translate into sales performance, which would allow them to make beneficial marketing mi...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
عنوان ژورنال:
دوره شماره
صفحات -
تاریخ انتشار 2010