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Online marketplaces allow consumers to leave reviews about the products they purchase, which are visible to potential customers and competitors. While the impact of reviews on valuations of worth and purchasing decisions has been intensively studied, little is known about how the reviews...
Persistent link: https://www.econbiz.de/10011212606
One of the core challenges of decision research is to identify individuals' decision strategies without influencing decision behavior by the method used. Br\"oder and Schiffer (2003) suggested a method to classify decision strategies based on a maximum likelihood estimation, comparing the...
Persistent link: https://www.econbiz.de/10005070437
In recent years, numerous studies comparing intuition and deliberation have been published. However, relatively little is known about the cognitive processes underlying the two decision modes. In two studies, we analyzed the effects of decision mode instructions on processes of information...
Persistent link: https://www.econbiz.de/10005108382
We claim that understanding human decisions requires that both automatic and deliberate processes be considered. First, we sketch the qualitative differences between two hypothetical processing systems, an automatic and a deliberate system. Second, we show the potential that connectionism offers...
Persistent link: https://www.econbiz.de/10005575036