Showing 1 - 10 of 3,126
In this article, we examine how weather variables affect markets for U.S. high-end wines, both luxury wines and wines … associations between weather conditions and prices, price gaps (the difference between the secondary market price and release price … associations with weather differ across wine regions. Implementing a fixed-effects methodology, cult and non-cult wines from three …
Persistent link: https://www.econbiz.de/10015332565
/methodology/approach - The paper uses mixed methods consisting of an experiment (n = 162), a series of interviews with consumers (n = 16) and in … purchase intention. They also indicate that trying leads to better decision-making. Research limitations/implications - This …
Persistent link: https://www.econbiz.de/10015198492
Companies are increasingly adopting Artificial Intelligence (AI) today. Recently however debates started over the risk of human cognitive biases being replicated (and scaled) by AI. Research on biases in AI predicting consumer choice is incipient and focuses on observable biases. We provide a...
Persistent link: https://www.econbiz.de/10012821258
data, but we currently do not. These are often hypothetical situations to analyze the decision-making process of …
Persistent link: https://www.econbiz.de/10012297512
experiment as close to actual market conditions as possible. In particular, when dealing with products characterized by a large … number of attributes, the construction of the experiment poses the issue of how to express the choice question providing … render the conditions of the experiment more realistic. This methodology is applied to the case study of wine and is …
Persistent link: https://www.econbiz.de/10012510880
This paper examines inconsistencies in the decision-making of a sample of 2,248 adolescents from El Salvador when … skills, and task repetition improve consistency. Lastly, we explore whether inconsistency in decision-making somehow shapes …
Persistent link: https://www.econbiz.de/10015399305
Anchoring, the assimilation of numerical estimates toward previously considered numbers, has generally been separated into anchoring from self-generated anchors (e.g., people first thinking of 9 months when asked for the gestation period of an animal) and experimenter-provided anchors (e.g.,...
Persistent link: https://www.econbiz.de/10015076714
We report on two novel choice experiments with real goods where subjects in one treatment are forced to choose, as is the norm in economic experiments, while in the other they are not but can instead incur a small cost to defer choice. Using a variety of measures, we find that the active choices...
Persistent link: https://www.econbiz.de/10013382078
literature exploring the topics of herd behaviour, little is known about it in the context of the individual decision … products, using a survey experiment. The findings show that subjects use the information from others as cues in making buying …
Persistent link: https://www.econbiz.de/10013259363
Persistent link: https://www.econbiz.de/10015182939