Expanding Consumer Choice
Author: James Northen
Publisher:
Published: 2002-01-01
Total Pages: 268
ISBN-13: 9781904231141
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Author: James Northen
Publisher:
Published: 2002-01-01
Total Pages: 268
ISBN-13: 9781904231141
DOWNLOAD EBOOKAuthor: Barry Schwartz
Publisher: Harper Collins
Published: 2009-10-13
Total Pages: 308
ISBN-13: 0061748994
DOWNLOAD EBOOKWhether we're buying a pair of jeans, ordering a cup of coffee, selecting a long-distance carrier, applying to college, choosing a doctor, or setting up a 401(k), everyday decisions—both big and small—have become increasingly complex due to the overwhelming abundance of choice with which we are presented. As Americans, we assume that more choice means better options and greater satisfaction. But beware of excessive choice: choice overload can make you question the decisions you make before you even make them, it can set you up for unrealistically high expectations, and it can make you blame yourself for any and all failures. In the long run, this can lead to decision-making paralysis, anxiety, and perpetual stress. And, in a culture that tells us that there is no excuse for falling short of perfection when your options are limitless, too much choice can lead to clinical depression. In The Paradox of Choice, Barry Schwartz explains at what point choice—the hallmark of individual freedom and self-determination that we so cherish—becomes detrimental to our psychological and emotional well-being. In accessible, engaging, and anecdotal prose, Schwartz shows how the dramatic explosion in choice—from the mundane to the profound challenges of balancing career, family, and individual needs—has paradoxically become a problem instead of a solution. Schwartz also shows how our obsession with choice encourages us to seek that which makes us feel worse. By synthesizing current research in the social sciences, Schwartz makes the counter intuitive case that eliminating choices can greatly reduce the stress, anxiety, and busyness of our lives. He offers eleven practical steps on how to limit choices to a manageable number, have the discipline to focus on those that are important and ignore the rest, and ultimately derive greater satisfaction from the choices you have to make.
Author:
Publisher:
Published: 2005*
Total Pages:
ISBN-13:
DOWNLOAD EBOOKAuthor: Johan Wejryd
Publisher:
Published: 2018
Total Pages: 55
ISBN-13: 9789151304588
DOWNLOAD EBOOKAuthor: United States. Congress. Joint Economic Committee
Publisher:
Published: 2005
Total Pages: 62
ISBN-13:
DOWNLOAD EBOOKAuthor: Ruxian Wang
Publisher:
Published: 2020
Total Pages: 51
ISBN-13:
DOWNLOAD EBOOKMarket size, measured by the number of people who are interested in products from the same category, may be highly influenced by assortment planning and pricing decisions. This effect is referred to as market expansion. In this paper, we incorporate the market expansion effects into consumer choice models and investigate assortment and pricing problems. In particular, we take the widely used multinomial logit model as a showcase to examine the market expansion effects on assortment planning and pricing, and also propose an alternating-optimization expectation-maximization method, which separates the estimation of consumer choice behavior and the market expansion effects, to calibrate the new model. Our empirical study on a real data set shows the efficiency of our estimation method and the importance of incorporating the market expansion effects into consumer choice models. Failure to account for the market expansion effects may lead to substantial losses in demand estimation and operations management.
Author: Ond≈ôej Roubal
Publisher:
Published: 2022
Total Pages: 0
ISBN-13:
DOWNLOAD EBOOKThe defining feature of contemporary consumer culture is the escalation of consumption opportunities and the expanding space for choice. An unbridled and unrestricted range of products is part of material prosperity, rising living standards, and emancipation of human freedoms. The growing demands for constant consumer decision-making in an increasingly opaque environment of potential targets of choice exposes consumers to the risk of procrastination, passivity, and resignation, as well as psychological discomfort. The goal here is to contribute to theories of consumer behavior in the context of the psychological experience of choice under the conditions of the accelerated quantity of consumption volumes against the backdrop of the COVID-19 pandemic. While conventional offline shopping was drastically curtailed during the coronavirus crisis, freedom of consumer choice was maintained despite many proclamations to the contrary. I seek to provide support to the claim that freedom of consumer choice was maintained and often amplified during the pandemic in the online virtual environment of digital commerce formats. Freedom of consumer choice has merely been transformed into a horizontal level of application by the relatively rapid and fluid conversion of market activities into the cyberspace of a growing number of e-stores and online supermarkets, unconstrained by the physical space of shelves and counters.
Author:
Publisher:
Published: 1997
Total Pages: 48
ISBN-13:
DOWNLOAD EBOOKAuthor: Robert O. Herrmann
Publisher: Thomson South-Western
Published: 1988
Total Pages: 584
ISBN-13:
DOWNLOAD EBOOKAuthor:
Publisher:
Published: 2005*
Total Pages:
ISBN-13:
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