Modeling signal-based decisions in online search environments: A non-recursive forward-looking approach

Tavana M, Santos-Arteaga FJ, Di Caprio D, Tierney K (2016)
Information & Management 53(2): 207-226.

Zeitschriftenaufsatz | Veröffentlicht | Englisch
 
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Autor*in
Tavana, Madjid; Santos-Arteaga, Francisco J.; Di Caprio, Debora; Tierney, KevinUniBi
Abstract / Bemerkung
Consider a rational decision maker (DM) who must acquire a finite amount of information sequentially online from a set of products. The DM receives signals on the distribution of the product characteristics. Each time an observation is acquired, DMs redefine the probability of improving upon the products observed. The resulting information acquisition process depends on the values of the characteristics observed, the number and potential realizations of the remaining observations, and the type of signal received. We construct two functions determining the information acquisition behavior of DMs and illustrate numerically the importance of the characteristic on which signals are issued.
Erscheinungsjahr
2016
Zeitschriftentitel
Information & Management
Band
53
Ausgabe
2
Seite(n)
207-226
ISSN
0378-7206
Page URI
https://pub.uni-bielefeld.de/record/2958236

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Tavana M, Santos-Arteaga FJ, Di Caprio D, Tierney K. Modeling signal-based decisions in online search environments: A non-recursive forward-looking approach. Information & Management. 2016;53(2):207-226.
Tavana, M., Santos-Arteaga, F. J., Di Caprio, D., & Tierney, K. (2016). Modeling signal-based decisions in online search environments: A non-recursive forward-looking approach. Information & Management, 53(2), 207-226. https://doi.org/10.1016/j.im.2015.10.002
Tavana, M., Santos-Arteaga, F. J., Di Caprio, D., and Tierney, K. (2016). Modeling signal-based decisions in online search environments: A non-recursive forward-looking approach. Information & Management 53, 207-226.
Tavana, M., et al., 2016. Modeling signal-based decisions in online search environments: A non-recursive forward-looking approach. Information & Management, 53(2), p 207-226.
M. Tavana, et al., “Modeling signal-based decisions in online search environments: A non-recursive forward-looking approach”, Information & Management, vol. 53, 2016, pp. 207-226.
Tavana, M., Santos-Arteaga, F.J., Di Caprio, D., Tierney, K.: Modeling signal-based decisions in online search environments: A non-recursive forward-looking approach. Information & Management. 53, 207-226 (2016).
Tavana, Madjid, Santos-Arteaga, Francisco J., Di Caprio, Debora, and Tierney, Kevin. “Modeling signal-based decisions in online search environments: A non-recursive forward-looking approach”. Information & Management 53.2 (2016): 207-226.

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