Consumer Decision Making in the Information Age

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F44555601%3A13510%2F18%3A43893800" target="_blank" >RIV/44555601:13510/18:43893800 - isvavai.cz</a>

Nalezeny alternativní kódy

RIV/00216208:11230/18:10379452

Výsledek na webu

<a href="https://link.springer.com/article/10.1007/s12115-018-0283-5#citeas" target="_blank" >https://link.springer.com/article/10.1007/s12115-018-0283-5#citeas</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.1007/s12115-018-0283-5" target="_blank" >10.1007/s12115-018-0283-5</a>

Jazyk výsledku

angličtina

Název v původním jazyce

Consumer Decision Making in the Information Age

Popis výsledku v původním jazyce

Providing people with more information and more options may seem as a good policy. However, because of limited attention and cognitive resources, people are not able to use all available information and freedom of choice effectively to achieve their own best interests. When cognitive resources and attention are depleted, decision making becomes shallow and intuitive, often unable to take important aspects of given situations into account - even though this information is readily available. An intuitive decision making may lead to suboptimal outcomes by overestimating the importance of the most salient cues and disregarding the less obvious future consequences. Although this creates a demand for decision making aides that could be satisfied by markets, policy regulation may be necessary in some areas. We provide specific examples of problems arising from limited attention together with solutions based on behavioral economics approach to policy making known as nudging. (C) 2018, Springer Science+Business Media, LLC, part of Springer Nature.

Název v anglickém jazyce

Consumer Decision Making in the Information Age

Popis výsledku anglicky

Providing people with more information and more options may seem as a good policy. However, because of limited attention and cognitive resources, people are not able to use all available information and freedom of choice effectively to achieve their own best interests. When cognitive resources and attention are depleted, decision making becomes shallow and intuitive, often unable to take important aspects of given situations into account - even though this information is readily available. An intuitive decision making may lead to suboptimal outcomes by overestimating the importance of the most salient cues and disregarding the less obvious future consequences. Although this creates a demand for decision making aides that could be satisfied by markets, policy regulation may be necessary in some areas. We provide specific examples of problems arising from limited attention together with solutions based on behavioral economics approach to policy making known as nudging. (C) 2018, Springer Science+Business Media, LLC, part of Springer Nature.

Druh

J_imp - Článek v periodiku v databázi Web of Science

CEP obor

—

OECD FORD obor

50902 - Social sciences, interdisciplinary

Projekt

—

Návaznosti

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Rok uplatnění

2018

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název periodika

Society

ISSN

0147-2011

e-ISSN

—

Svazek periodika

55

Číslo periodika v rámci svazku

5

Stát vydavatele periodika

US - Spojené státy americké

Počet stran výsledku

8

Strana od-do

422-429

Kód UT WoS článku

000446518600007

EID výsledku v databázi Scopus

2-s2.0-85052099143