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Salience and Consumer Choice

delete2013-10-01
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OA
AI
B
Bordalo, Pedro *
G
Gennaioli, Nicola
S
Shleifer, Andrei
DOI:10.1086/673885delete
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摘要

摘要

En 中文
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 attributes relative to that attribute's average level in the choice set (or, more broadly, the choice context). Consumers attach disproportionately high weight to salient attributes, and their choices are tilted toward goods with higher quality/price ratios. The model accounts for a variety of disparate evidence, including decoy effects and context-dependent willingness to pay. It also suggests a novel theory of misleading sales.
Keyword:
MODEL
DECISION
CONTEXT
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期刊

Journal of Political Economy 封面图
Journal of Political Economy
IF:
6.3
论文数:
2.6K
被引数:
3.2W

机构

B
Bocconi University
学者数:
1.9K
论文数: 2.4K
被引数: 4.8K
U
university of london
学者数:
21.5W
论文数: 19.7W
被引数: 305