Back to Search Start Over

A Multiattribute Model of Consumer Choice During Product Learning

Authors :
Arvind Sathi
Robert J. Meyer
Source :
Marketing Science. 4(1):41-61
Publication Year :
1985

Abstract

The processes of consumer preference formation during product learning are analyzed. A hypothesis about how individuals form attribute expectations is used to derive a dynamic multinomial logit model of individual choice which endogenously recognizes product learning. The model and its underlying assumptions are then tested in the context of an interactive grocery store learning game. The results support most elements of the proposed model structure. An assumption of temporal stationarity in attribute salience, however, could not be supported. Approaches to implementation of the model are discussed, and implications for marketing management and research in individual choice modeling are addressed.

Details

Volume :
4
Issue :
1
Database :
OpenAIRE
Journal :
Marketing Science
Accession number :
edsair.doi.dedup.....2043edb19e6e4e29949e0092518cdc63
Full Text :
https://doi.org/10.1287/mksc.4.1.41