Consumer experiments: A practice-based approach to rational decision-making.
Type
conference speech
Date Issued
2022-10-28
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
Eprints ID
267783
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Consumer experiments - A practice-based approach to rational decision making.pdf
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