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Quantity bias in comparison-shopping of multi-item baskets

Comparison-shopping applications are widespread and have been the subject of considerable research and development. There has also been widespread recognition that people are predictably irrational when making shopping decisions. In this work, we combine these two facts to propose a new type of pred...

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Detalles Bibliográficos
Autores principales: Niswanger, Ross, Walden, Eric
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Public Library of Science 2022
Materias:
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8815983/
https://www.ncbi.nlm.nih.gov/pubmed/35120170
http://dx.doi.org/10.1371/journal.pone.0263406
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author Niswanger, Ross
Walden, Eric
author_facet Niswanger, Ross
Walden, Eric
author_sort Niswanger, Ross
collection PubMed
description Comparison-shopping applications are widespread and have been the subject of considerable research and development. There has also been widespread recognition that people are predictably irrational when making shopping decisions. In this work, we combine these two facts to propose a new type of predicable irrational behavior that has important implications for comparison-shopping applications that now utilize crowdsourcing to increase the information provided about sellers in these electronic marketplaces. In a series of three studies we demonstrate that, even after controlling for relative and absolute savings, the number of items in a shopping trip is an important consideration in the decision to make a trip to more than one store. This is true of both actual trips in physical shopping in the real world, and virtual trips to other vendors in online shopping. We term this effect quantity bias.
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spelling pubmed-88159832022-02-05 Quantity bias in comparison-shopping of multi-item baskets Niswanger, Ross Walden, Eric PLoS One Research Article Comparison-shopping applications are widespread and have been the subject of considerable research and development. There has also been widespread recognition that people are predictably irrational when making shopping decisions. In this work, we combine these two facts to propose a new type of predicable irrational behavior that has important implications for comparison-shopping applications that now utilize crowdsourcing to increase the information provided about sellers in these electronic marketplaces. In a series of three studies we demonstrate that, even after controlling for relative and absolute savings, the number of items in a shopping trip is an important consideration in the decision to make a trip to more than one store. This is true of both actual trips in physical shopping in the real world, and virtual trips to other vendors in online shopping. We term this effect quantity bias. Public Library of Science 2022-02-04 /pmc/articles/PMC8815983/ /pubmed/35120170 http://dx.doi.org/10.1371/journal.pone.0263406 Text en © 2022 Niswanger, Walden https://creativecommons.org/licenses/by/4.0/This is an open access article distributed under the terms of the Creative Commons Attribution License (https://creativecommons.org/licenses/by/4.0/) , which permits unrestricted use, distribution, and reproduction in any medium, provided the original author and source are credited.
spellingShingle Research Article
Niswanger, Ross
Walden, Eric
Quantity bias in comparison-shopping of multi-item baskets
title Quantity bias in comparison-shopping of multi-item baskets
title_full Quantity bias in comparison-shopping of multi-item baskets
title_fullStr Quantity bias in comparison-shopping of multi-item baskets
title_full_unstemmed Quantity bias in comparison-shopping of multi-item baskets
title_short Quantity bias in comparison-shopping of multi-item baskets
title_sort quantity bias in comparison-shopping of multi-item baskets
topic Research Article
url https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8815983/
https://www.ncbi.nlm.nih.gov/pubmed/35120170
http://dx.doi.org/10.1371/journal.pone.0263406
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