Air ticket purchases can be considered to be based on sequential decision-making processes with a limited number of alternatives with clearly identified product attributes. With this scenario, decoy contextual effects could potentially be useful in increasing the profitability of each choice set through driving the attention of the users to a particular alternative by changing their perceptions, such as the perceived attractiveness of particular options, to benefit one specific alternative. This study validates the efficiency of the addition of decoy options in increasing the proportion of users who select the target option in a choice set and introduces, theoretically and empirically, the use of double decoys. Three distinct hypothetical c...
The attraction effect emerges when adding a seemingly irrelevant option(decoy) to a binary choice sh...
Two bodies of research – the phantom decoy literature and inaction inertia literature – focus on con...
In the present study the authors investigated the influence of the attraction effect, in which a dec...
Air ticket purchases can be considered to be based on sequential decision-making processes with a li...
none1noA great deal of attention has been paid to the study of context effects, and it is now acknow...
Research by Huber, Payne, and Puto (1982) revealed that the addition of a third alternative to a cho...
The attraction effect emerges when adding a seemingly irrelevant option (decoy) to a binary choice s...
A number of studies demonstrate that individual choice can be influenced by alternatives which shoul...
The decoy effect is one of the best known human biases violating rational choice theory. According t...
The decoy effect is one of the best known human biases violating rational choice theory. According t...
THE IMPACT OF DECOYS AND BACKGROUND INFORMATION ON CONSUMERS PREFERENCES AND DECISION MAKING F. Buon...
Literature on consumer choice has demonstrated that the inclusion of an inferior alternative choice ...
A decoy is an irrelevant option that, when added to a binary choice, is not selected but nonetheless...
The way in which people make decisions is largely guided by the context of the choice set. Choice se...
The current study examines attraction effects, in which the addition of an asymmetrically dominated ...
The attraction effect emerges when adding a seemingly irrelevant option(decoy) to a binary choice sh...
Two bodies of research – the phantom decoy literature and inaction inertia literature – focus on con...
In the present study the authors investigated the influence of the attraction effect, in which a dec...
Air ticket purchases can be considered to be based on sequential decision-making processes with a li...
none1noA great deal of attention has been paid to the study of context effects, and it is now acknow...
Research by Huber, Payne, and Puto (1982) revealed that the addition of a third alternative to a cho...
The attraction effect emerges when adding a seemingly irrelevant option (decoy) to a binary choice s...
A number of studies demonstrate that individual choice can be influenced by alternatives which shoul...
The decoy effect is one of the best known human biases violating rational choice theory. According t...
The decoy effect is one of the best known human biases violating rational choice theory. According t...
THE IMPACT OF DECOYS AND BACKGROUND INFORMATION ON CONSUMERS PREFERENCES AND DECISION MAKING F. Buon...
Literature on consumer choice has demonstrated that the inclusion of an inferior alternative choice ...
A decoy is an irrelevant option that, when added to a binary choice, is not selected but nonetheless...
The way in which people make decisions is largely guided by the context of the choice set. Choice se...
The current study examines attraction effects, in which the addition of an asymmetrically dominated ...
The attraction effect emerges when adding a seemingly irrelevant option(decoy) to a binary choice sh...
Two bodies of research – the phantom decoy literature and inaction inertia literature – focus on con...
In the present study the authors investigated the influence of the attraction effect, in which a dec...