• Suppose we are attempting to model the buying preferences of several consumers based on past purchases, e.g. as in the Netflix recommender system. We assume that people with similar tastes tend to buy similar items and their buying history is related. Inferring the preferences for a customer based only on his past purchases may be tough, because that customer may not have rated enough movies ...

This perspective article builds upon the theory of local thinking in interpretation and prediction of consumer behavior in a contemporary world of information overload. It is shown that even informed and socially and environmentally responsible consumers (consumers 3.0) exhibit selective recall, limited attention, and bounded search in the perception and interpretation of price and quality of p...

The Internet has been thought of as a technological advancement that will bridge the geographical digital divide and remove the disparities between underserved communities and the rest of the society. In order to examine the existence of underserved communities, we examine how changes in the local supply of goods and services in the offline world changes consumer behavior in technology enabled ...

In the era of globalization, shopping activities are not only for buying goods needed or fulfilling needs, but has become a lifestyle, pleasure & psychological activity. Not promotion e-money, availability funds (money availability), it also becomes basis consumers to make purchases. This study aims analyze effect financial technology (e-money) and through lifestyles on impulsive buying. Th...

There has been an increase in complaints received by the authorities of late concerning fraudulent online purchase cases. Consumers are faced with various modus operandi and tactics when making purchases even though have provided a safe-purchase guideline for purchases. Hence, this qualitative study aims to analyse legal framework surrounding consumer protection involving shopping Malaysia. Dat...

The purpose of the study is to understand the profile (if any) of the typical Prosecco wine consumer, for both Controlled Denomination of Origin (CDO) and Controlled and Guaranteed Denomination of Origin (CGDO) types, with a twofold objective. First, the study aims at contributing to the economics literature dealing with opening the “black box of preferences” and understanding consumers’ behavi...

Information foraging theory provides a theoretical perspective for the study of different online consumer purchase behaviors that need to be understood to support a sound basis for the measurement of business value of the design of Web-based applications. In this chapter, we examine the extent to which online consumer purchases are effectively supported through systems design choices in Web-bas...

Treasury bonds provide money-like services, while other bonds do not. These money-like services, which include safety and liquidity, are valued more during financial crises, reducing the substitutability of actual Treasuries and synthetic Treasuries—other types of bonds that yield the same cash flows. Large equilibrium yield spreads between actual and synthetic Treasuries result. During the rec...

In this paper the case made by Klein (1975) and Hayek (1976) for competitive bank monies is reconsidered. To do so we build a model of the demand for bank money that derives from money’s ability to separate commodity purchases from sales across time and so avoid the trading costs implied by barter and the double coincidence of wants. Such a model allows us to view the bank cheating or time inco...