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Consumer experiments: A practice-based approach to rational decision-making.

Type
conference speech
Date Issued
2022-10-28
Author(s)
Bucher, Jan-Hendrik  
Gollnhofer, Johanna Franziska  
Abstract (De)
Consumer psychology research suggests that consumers seek to make rational decisions. To understand rational decision-making, prior studies exclusively focus on consumers’ cognitive processes. We find that consumers seek rationality also through a practice-based approach. Using a qualitative research design, we study consumers who practice lay-rational decision-making through quasi-scientific experimentation before establishing new purchase routines. We identify four strategies consumers use to practice lay-rational decision-making and thereby show how consumers’ desire for more rationality manifests in consumer behavior. We contribute to literature on decision-making, product evaluation, preference formation, and the lay-notion of rationality. We conclude by proposing future research avenues for quantitative analyses.
Language
English
HSG Classification
contribution to scientific community
Publisher place
Luzern
Event Title
Swiss Academy of Marketing Science Conference
Event Location
Luzern
Event Date
28.11.2022
URL
https://www.alexandria.unisg.ch/handle/20.500.14171/108133
Subject(s)

social sciences

behavioral science

business studies

Division(s)

ICI - Institute for C...

IMC – Institute for M...

Eprints ID
267783
File(s)
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Thumbnail Image

open.access

Name

Consumer experiments - A practice-based approach to rational decision making.pdf

Size

77.45 KB

Format

Adobe PDF

Checksum (MD5)

6a9cb56bf99309e1e8aba6011444bac5

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