Compensatory versus noncompensatory models for predicting consumer preferences

Standard preference models in consumer research assume that people weigh and add all attributes of the available options to derive a decision, while there is growing evidence for the use of simplifying heuristics. Recently, a greedoid algorithm has been developed (Yee, Dahan, Hauser and Orlin, 2007;...

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Bibliographic Details
Main Authors: Anja Dieckmann, Katrin Dippold, Holger Dietrich
Format: Article
Language:English
Published: Society for Judgment and Decision Making 2009-04-01
Series:Judgment and Decision Making
Subjects:
Online Access:http://journal.sjdm.org/81008/jdm81008.pdf