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We present a theory of context-dependent choice in which a consumer's attention is drawn to salient attributes of goods …, such as quality or price. An attribute is salient for a good when it stands out among the good's characteristics, in the … are characterized by only one quality attribute and price, salience tilts choices toward goods with higher ratios of …
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We present a theory of context-dependent choice in which a consumer's attention is drawn to salient attributes of goods …, such as quality or price. An attribute is salient for a good when it stands out among the good's characteristics, in the … are characterized by only one quality attribute and price, salience tilts choices toward goods with higher ratios of …
Persistent link: https://www.econbiz.de/10012460712
We present a theory in which the choice set cues a consumer to recall a norm, and surprise relative to the norm shapes …
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We present a theory in which the choice set cues a consumer to recall a norm, and surprise relative to the norm shapes …
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