Journal article
Multi-attribute decision by sampling: an account of the attraction, compromise and similarity effects
- Abstract:
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Consumers’ choices are typically influenced by the choice context in ways that standard models cannot explain. We provide a concise explanation of the attraction, compromise and similarity effects. The model, Multi-Attribute Decision by Sampling (MADS) posits that the evaluation of a choice option is based on its relative position in the market distribution as first inferred and then sampled by the decision-maker. The inferred market distribution is assumed to be systematically influenced by ...
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- Publication status:
- Published
- Peer review status:
- Peer reviewed
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(Version of record, pdf, 1.7MB)
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- Publisher copy:
- 10.1016/j.jmp.2017.08.005
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Authors
Funding
Bibliographic Details
- Publisher:
- Elsevier Publisher's website
- Journal:
- Journal of Mathematical Psychology Journal website
- Volume:
- 81
- Pages:
- 11-27
- Publication date:
- 2017-09-21
- Acceptance date:
- 2017-08-28
- DOI:
- ISSN:
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0022-2496
- Source identifiers:
-
725825
Item Description
- Keywords:
- Pubs id:
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pubs:725825
- UUID:
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uuid:a99c0b1e-2e7c-4d9e-a3d4-1cfb196f38ba
- Local pid:
- pubs:725825
- Deposit date:
- 2017-09-07
Terms of use
- Copyright holder:
- Ronayne and Brown
- Copyright date:
- 2017
- Notes:
- © 2017 The Authors. Published by Elsevier Inc. This is an open access article under the CC BY license (http://creativecommons.org/licenses/by/4.0/).
- Licence:
- CC Attribution (CC BY)
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