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  • Search: subject:"attribute preference uncertainty"
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Bayesian estimation 1 Bayesian updating 1 attribute preference uncertainty 1 conjoint analysis 1 preference revision 1 social influence 1 social networks 1
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Narayan, Vishal 1 Rao, Vithala R. 1 Saunders, Carolyne 1
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Marketing Science 1
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How Peer Influence Affects Attribute Preferences: A Bayesian Updating Mechanism
Narayan, Vishal; Rao, Vithala R.; Saunders, Carolyne - In: Marketing Science 30 (2011) 2, pp. 368-384
We study how multiattribute product choices are affected by peer influence. We propose a two-stage conjoint-based approach to examine three behavioral mechanisms of peer influence. We find that when faced with information on peer choices, consumers update their attribute preferences in a...
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